-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JonwQNZyGPWVIrSwiZj0vtkmkvmejy5OnPr4SRsOOgEzN2FVxBIyhG5bqcGnGcE0 F91vOH1LrF0WtG4zgW2orA== 0001137171-05-001672.txt : 20051005 0001137171-05-001672.hdr.sgml : 20051005 20051005120345 ACCESSION NUMBER: 0001137171-05-001672 CONFORMED SUBMISSION TYPE: 10-K/A PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20021231 FILED AS OF DATE: 20051005 DATE AS OF CHANGE: 20051005 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENERGY EXPLORATION TECHNOLOGIES / CENTRAL INDEX KEY: 0001009922 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 611126904 STATE OF INCORPORATION: A0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-24027 FILM NUMBER: 051123970 BUSINESS ADDRESS: STREET 1: 840 SEVENTH AVENUE SW STREET 2: SUITE 700 CITY: CALGARY ALBE T2P 3G2 STATE: A2 ZIP: 99204 BUSINESS PHONE: 403-264-7020 MAIL ADDRESS: STREET 1: 840 SEVENTH AVE SW STREET 2: SUITE 700 CITY: CALGARY ALBE T2P3G2 STATE: A2 ZIP: 90035 FORMER COMPANY: FORMER CONFORMED NAME: PINNACLE OIL INTERNATIONAL INC DATE OF NAME CHANGE: 20000626 FORMER COMPANY: FORMER CONFORMED NAME: ENERGY EXPLORATION TECHNOLOGIES DATE OF NAME CHANGE: 20000616 10-K/A 1 nxt10kaamen093005.htm Filed by Filing Services Canada Inc 403-717-3898

As filed with the Securities and Exchange Commission on October 5, 2005

 


Securities And Exchange Commission
Washington, D.C. 20549
_________________

FORM 10–K/A

AMENDMENT NO. 2
_________________


[X]

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the fiscal year ended December 31, 2002

  

[  ]

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from ___________ to ___________


Commission file number:  0-24027


ENERGY EXPLORATION TECHNOLOGIES

(Exact name of registrant as specified in its charter)


Nevada

 


61–1126904

(State or other jurisdiction of incorporation or organization)


(I.R.S. Employer Identification No.)

700-840-7 Avenue SW, Calgary, Alberta, Canada,

 T2P 3G2

(Address of principal executive offices)

(Zip Code)


Registrant's telephone number, including area code:  (403) 264-7020


Securities registered pursuant to Section 12(b) of the Act:  None


Securities registered pursuant to Section 12(g) of the Act:  Common stock, par value $0.001 per share.


Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.

Yes   [X]     No   [   ]


Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (Section 229.405 of this Chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.   [  ]


Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Act)  Yes [  ]  No [X]


The aggregate market value of the voting stock held by non-affiliates of the registrant as of March 26, 2003 was approximately $1,565,547 based upon the closing price per share of the registrant's common stock of $0.14 on that date.


The number of shares outstanding of the registrant's common stock as of March 26, 2003:  16,971,153 shares.


Documents Incorporated By Reference: None




ADVISEMENT


This Amendment No. 2 (this “Amendment”) to Form 10-K of Energy Exploration Technologies Inc. (the “Company” or “NXT”) for the year ended December 31, 2002, has been prepared solely for the purpose of correcting only certain disclosures found in the original 10-K, which are found in Items 1 and 12. We have also attached to this Form 10-K revised certifications pursuant to Rule 13a-14(a)/15d-14(a).


Item 1.  Business


Description OF PROPERTIES


Williston Basin, North Dakota, United States


We hold a 22.5% working interest in this 7,680 acre prospect located in Billings County, North Dakota.  The Beta Race 22-6 well was drilled in the winter of 2001 and proved to be a commercial natural gas discovery which commenced production in April 2002 and is producing about 3 million cubic feet equivalent per day.

   

Green River Basin, Wyoming, United States


We have interests in three exploration blocks in the Green River basin:  the Poblano/Antelope Tail block, the Gold Coast prospect, and the Horsethief Canyon prospect.  We also hold prospective rights to acquire working interests in a number of other prospects in the Green River basin including Alkali Creek South and Stage Coach Draw North.    


·

Poblano/Antelope Tail—We hold a combination 5.6% to 22.5% overall working interest and a 0.8% to 3.5% net overriding royalty interest on this exploration block.  It consists of 34 sections in Sublette County, Wyoming.   Four wells were drilled in prior years in the Poblano exploration block and encountered over-pressured gas sands in the Mesa Verde formation that have very low permeability.  The wells have been suspended as uneconomic at this time.


In the fall of 2002, we participated in drilling the Habanero-Federal 14-21 exploratory well on the Antelope Tail prospect. The well was plugged and abandoned at 13,995 feet. The drilling of the well earned us a 16.875% working interest in all rights from surface to basement in 3,660 gross acres of land encompassing both the Antelope Tail prospect and the southern end of the Pinedale Anticline. Our partner, CamWest, has obtained three additional permits targeting the Lance and Mesa Verde zones on the Pinedale Anticline. The 14-21 well showed the structural development predicted by SFD but did not contain hydrocarbons. The timing of the structural development was after the migration of hydrocarbons through the 14-21 location.

·

Gold Coast—We hold a combination 11.25% overall working interest and a 1.6% overall net overriding royalty interest on the overall exploration block.  The Gold Coast prospect consists of a 34,560-acre exploration block located in Sweetwater County, Wyoming.  Two wells were drilled in prior years. One well was junked for mechanical reasons and the other was suspended as non-economic.

·

Horsethief Canyon —We hold a combination 11.25% overall working interest and a 1.6% overall net overriding royalty interest in our Leucite Hills South prospect, located in Sweetwater County, Wyoming. A test well was drilled in 1999 by the mineral rights owner as operator in a location approximately one mile to the south of our recommended SFD prospect.  This well was cased as a natural gas well.  We have not ascertained the potential estimated or proven reserves of this well to date, and will not be able to do so until the well is connected to a pipeline and production tested.





Alberta, Canada


·

Monarch—We hold a combination 22.5% overall working interest and 3.1% overall net overriding royalty interest in this 3,723 acre exploration block located in the Kehoe area of southwestern Alberta.   We are considering whether to drill and explore or sell this prospect at this time.

·

Carbon—We hold a 2.5% overall net overriding royalty interest in this 640 acre exploration block located in the Carbon area of southwestern Alberta and receive a monthly royalty.

·

Nanton—We hold a 22.5% interest in this 6,560 acre at this prospect in southern Alberta.

·

Princess—We currently own the Mannville and deeper rights to 1,280 acres in the Princess area. We hold a 22.5% working interest in this prospect. We are currently negotiating the sale of this property.

·

Reagan— We hold a 22.5% working interest in 2,560 acres in this prospect.

·

Fincastle—We hold 21% to 50 % interest in 1,280 acres in this prospect which targets Jurassic Sawtooth sands in the Taber area.  In December 2002, a partner drilled a well on this prospect, resulting in initial gas shows but the well has since watered out and is being abandoned.


British Columbia, Canada


·

South Adsett— This land was purchased in August and we are in the process of negotiating a farm-in to have it drilled.  We hold a 33.3% interest in 8,235 acres.


Governmental And Environmental Regulation


SFD Survey Flight Operations


The operation of our business, namely, conducting aerial SFD surveys and interpreting SFD data, is not subject to material governmental or environmental regulation with the exception of flight rules issued by the Federal Aviation Administration (for activities in the United States) and Transport Canada (for activities in Canada) governing the use of private aircraft, including rules relating to low altitude flights.  


Oil And Gas Exploration And Development Projects


The oil and natural gas industry in general is subject to extensive controls and regulations imposed by various levels of the federal and state governments in the United States and federal and provincial governments in Canada.  In particular, oil and natural gas exploration and production is subject to laws and regulations governing environmental quality and pollution control, limits on allowable rates of production by well or proration unit, and other similar regulations.  Laws and regulations are generally intended to prevent the waste of oil and natural gas, to protect rights to produce oil and natural gas between owners in a common reservoir, to control the amount of oil and natural gas produced by assigning allowable rates of production, and to reduce contamination of the environment.  We believe that the trend to stricter environmental legislation and regulations will continue.


We do not expect that any of these government controls or regulations will materially affect our business or projects in which we participate.  There are no material government regulations that relate to our proposed business. All current legislation is a matter of public record and we are not able to accurately predict what additional legislation or amendments may be enacted.  Governmental regulations may be changed from time to time in response to economic or political conditions.  Any laws enacted or other governmental action taken which prohibit or restrict onshore and offshore drilling or impose environmental protection requirements that result in increased costs to the oil and natural gas industry in general would have a material adverse effect on our business, financial condition and results of operations.




 

ITEM 12.  Ownership Of Our Securities by Beneficial Owners And Management


The following table sets forth certain selected information, computed as of March 26, 2003, about the amount and nature of our securities "beneficially owned" by the following persons as of that date:


·

each of our current directors and executive officers;

·

each person who is a beneficial owner of more than 5% of any class of our outstanding securities with voting rights; and

·

the group comprised of our current directors and executive officers.


The information contained in the following tables was given to us by the individuals, our transfer agent or entities named.  We believe that each of these individuals or entities has sole or shared investment and voting power with respect to the securities indicated as beneficially owned by them, subject to community property laws, where applicable, except where otherwise noted.


 

Stock

Name

Amount

 

% (1)

     

Directors & Officers

    
 

George Liszicasz (2)

383 Arbour Lake Way NE

Calgary, Alberta

T3G 4A2

5,211,529(3)

  

30.9%

 

Dennis R. Hunter

Box 9069

Santa Rosa, CA

95405

406,266(4)

  

2.4%

 

Donald E. Foulkes

39 Pinnacle Ridge Dr.

Calgary, Alberta

T3Z 3N7

0

  

0%

 

Douglas Rowe

246 Artist View Way

Calgary, Alberta

T3N 3N1

0

  

0%







 

Robert Van Caneghan

123 Redcliff Road

Staten Island, NY

10305

0

  

0%

 

Scott Schrammar

9438 US 19 North, PMB 210

Port Richey, FL

34668

0

  

0%

Current directors, director-nominees
and executive officers, as a group

5,662,795(5)

  

33.2%

5% Shareholders

    
 

SFD Investment LLC

c/o Stephens Group Inc.

2500-111 Center Street

Little Rock, AR

72201

2,476,700(6)

  

12.8%

 

Stephens Group Inc.

2500-111 Center Street

Little Rock, AR

72201

2,476,700(7)

  

12.8%

      
 

(1)

Rule 13d-3 under the Securities Exchange Act defines the term, "beneficial ownership". Under this rule, the term includes shares over which the indicated beneficial owner exercises voting and/or investment power.  The rules also deem common stock subject to options currently exercisable, or exercisable within 60 days, to be outstanding for purposes of computing the percentage ownership of the person holding the options but do not deem such stock to be outstanding for purposes of computing the percentage ownership of any other person.  The applicable percentage of ownership for each shareholder is based on 16,971,153 shares of common stock outstanding as of March 26, 2003, together with applicable options and Series A preferred shares for that shareholder.  Except as otherwise indicated, we believe the beneficial owners of the common stock have sole voting and in vestment power over the number of shares listed opposite their names.

 

(2)

Executive officer.

 

(3)

Includes 5,083,751 shares of common stock directly by Mr. Liszicasz, 127,778 shares of common stock held by Irina Iascisina, Mr. Liszicasz’s spouse and options exercisable within 60 days of March 26, 2003 to acquire 45,000 shares of common stock.

 

(4)

Includes 361,266 shares of common stock and options exercisable within 60 days of March 26, 2003 to acquire 45,000 shares of common stock.

 

(5)

Includes 5,572,795 shares of common stock and options exercisable within 60 days of March 26, 2003 to acquire 90,000 shares of common stock.

 

(6)

Includes 107,938 common shares held by SFD Investment LLC, and 800,000 Series A preferred shares convertible at any time to acquire 2,368,762 shares of common stock at a conversion rate of 2.96 common shares for each preferred share.  SFD Investment LLC owns all the outstanding Series A preferred shares.

 

(7)

Stephens Group Inc. is the manager of both SFD Investment LLC and in that capacity indirectly holds (or in certain circumstances shares with the members of that company) voting and investment control of the NXT shares held by the limited liability company.  Includes 107,938 common shares held by SFD Investment LLC and 800,000 Series A preferred stock, held by SFD Investment LLC which are convertible at any time to acquire 2,368,762 shares of common stock at a conversion rate of 2.96 common shares for each preferred share. Mr. Todd Ferguson has investment and/or voting control over the securities of NXT beneficially held by Stephens Group LLC.


ITEM 15.  Exhibits


31.1

Rule 13a-14(a)/15d-14(a) Certification

31.2

Rule 13a-14(a)/15d-14(a) Certification





Signatures


Pursuant to the requirements of Section 13 or 15(d) of the Securities Act of 1934, the registrant has duly caused this amended annual report on Form 10-K/A to be signed on its behalf by the undersigned, thereunto duly authorized on September 30, 2005.


Calgary, Alberta, Canada



 

ENERGY EXPLORATION TECHNOLOGIES

 


By:   /s/George Liszicasz   
George Liszicasz - Chief Executive Officer (principal executive officer)

 


By: /s/ Mila Manasek         
Mila Manasek – Vice President – Finance (principal accounting officer)




EX-31 2 nxtex3111093005.htm Filed by Filing Services Canada Inc 403-717-3898

RULE 13A-14(A)/15D-14(A) CERTIFICATION


I, George Liszicasz, certify that:


(1) I have reviewed this second amended annual report for the fiscal year ended December 31, 2002, of Energy Exploration Technologies (the “Registrant”).


(2) Based on my knowledge, this amended annual report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this amended annual report.


(3) [Omitted.]


(4) As the Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:


(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

(5) The Registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer's ability to record, process, summarize and report financial information; and

(d) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.


Date: September 30, 2005

By:                 /s/ George Liszicasz
Name:             George Liszicasz
Title:              President and CEO (principal executive officer)

EX-32 3 nxtex3121093005.htm Filed by Filing Services Canada Inc 403-717-3898

RULE 13A-14(A)/15D-14(A) CERTIFICATION


I, Mila Manasek, certify that:


(1) I have reviewed this second amended annual report for the fiscal year ended December 31, 2002, of Energy Exploration Technologies  (the “Registrant”).


(2) Based on my knowledge, this amended annual report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this amended annual report.


(3) [Omitted.]


(4) As the Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:


(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

(5) The Registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer's ability to record, process, summarize and report financial information; and

(d) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.


Date: September 30, 2005

By:

/s/ Mila Manasek


Name:             Mila Manasek
Title:              Vice President-Finance (principal financial officer)


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