0001137171-11-000651.txt : 20111219 0001137171-11-000651.hdr.sgml : 20111219 20111219133149 ACCESSION NUMBER: 0001137171-11-000651 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20111219 FILED AS OF DATE: 20111219 DATE AS OF CHANGE: 20111219 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NXT Energy Solutions Inc. CENTRAL INDEX KEY: 0001009922 STANDARD INDUSTRIAL CLASSIFICATION: OIL AND GAS FIELD EXPLORATION SERVICES [1382] IRS NUMBER: 611126904 STATE OF INCORPORATION: A0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24027 FILM NUMBER: 111268668 BUSINESS ADDRESS: STREET 1: 505 3RD STREET, S.W. STREET 2: SUITE 1400, CITY: CALGARY, T2P 3E6 STATE: A0 ZIP: 90035 BUSINESS PHONE: 403-264-7020 MAIL ADDRESS: STREET 1: 505 3RD STREET, S.W. STREET 2: SUITE 1400, CITY: CALGARY, T2P 3E6 STATE: A0 ZIP: 90035 FORMER COMPANY: FORMER CONFORMED NAME: ENERGY EXPLORATION TECHNOLOGIES / DATE OF NAME CHANGE: 20000628 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 6-K 1 nxt6k12192011.htm NXT ENERGY SOLUTIONS INC. - 6-K HB - Filed by Filing Services Canada Inc. (403) 717-3898

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 6-K

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934

 

For the month of December 2011

Commission File Number:  000-24027

 

NXT Energy Solutions Inc.

(Translation of registrant's name into English)

 

1400, 505-3rd Street S.W.

Calgary, Alberta  T2P 3E6

Canada
(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F  X     Form 40-F _____

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  

Yes _____ No     X       

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  

Yes _____ No    X     

 

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes _____ No    X     

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

 

 

 

 

The Issuer is filing material documents not previously filed.

 

 

 


 

 

 

Exhibit List:

 

99.1   News Release dated December 19, 2011

 

 

 

 

 



 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date:  December 19, 2011

 

 

 

NXT Energy Solutions Inc.

 

By:  /s/ Greg Leavens

 

Name: Greg Leavens

          Title: Vice-President Finance and Chief Financial Officer


 

 

 

 



EX-99.1 2 newsrelease.htm NEWS RELEASE DATED DECEMBER 19, 2011 HB - Filed by Filing Services Canada Inc. (403) 717-3898
 

 
NXT Finalizes Contract for Survey in Guatemala
 
CALGARY, ALBERTA, December 19, 2011 - NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX-V:SFD; NASDAQ-OTCBB:NSFDF), announces that it has signed a binding contract to conduct a US $700,000 SFD®  survey in Guatemala. The contract involves one of Latin America’s largest oil and gas exploration and production companies.
 
“The finalization of this contract represents another step towards executing against our $8.9 million backlog of contracts,” said NXT President and CEO, George Liszicasz. “The opportunity to conduct this survey in Guatemala allows NXT to grow its presence in the Latin American market by entering a new jurisdiction with a new client that has partnered with one of NXT’s repeat customers on this project.”
 
The Guatemala contract relates to a letter of intent, previously announced on June 30, 2011, that spanned six separate contracts.  Five of these contracts have now been signed and NXT is in process of finalizing the terms of the sole, remaining contract that has an additional revenue value of US $1 million.  NXT’s contracts provide for progress billings in phases, including a significant portion for initial set-up and mobilization.
 
In summary, the status of NXT’s current $8.9 million in contract backlog is as follows:
 
 
Colombia (four contracts signed, data acquisition operations completed)
  $ 2.9  
 
Argentina (contract signed, operations underway)
    1.6  
 
Guatemala (contract signed, operations to commence in January 2012)
    0.7  
 
South-east Asia (contract signed, awaiting final regulatory clearance)
    2.7  
 
Total signed contracts
    7.9  
 
Colombia (contract pending finalization)
    1.0  
 
Total - US $millions
    8.9  
 
NXT is also pleased to have Ms. Sally Elliott join its team. Ms. Elliott, who was previously a member of the investor relations group at Pengrowth Corporation for 12 years, will be tasked with enhancing and expanding NXT’s investor and public relations activities.  The agreement provides for an initial term of 6 months, a cash retainer of $12,000 and the granting of up to 400,000 incentive stock options to purchase common shares.  The options have graded exercise prices, with a total of 100,000 options being exercisable at each of $1, $2, $3, and $4 per share.  The options have a term of 18 months, with 1/3 of the total vesting after each three month period.
 
NXT is a Calgary based company whose proprietary airborne Stress Field Detection ("SFD®") survey system provides a revolutionary survey method that can be used both onshore and offshore to remotely identify potential hydrocarbon traps and reservoirs.  NXT provides its clients an efficient and reliable method to reduce time, costs, and risks related to exploration surveys.  The SFD® survey system enables our clients to more efficiently focus their hydrocarbon exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization onto the areas with the greatest potential.  SFD® is environmentally friendly and unaffected by ground security issues or difficult terrain, and is the registered trademark of NXT Energy Solutions Inc.
 

 


 

Forward-Looking Statements
 
This news release includes forward-looking statements.  When used in this document, words such as “intended”, “anticipate”, “plans”, “expected” and “scheduled”, are forward-looking statements.  Forward-looking statements are subject to a wide range of risks and uncertainties, and although the Company believes that the expectations represented by such a forward-looking statement are reasonable; there can be no assurance that such expectations will be realized.  Any number of factors can cause actual results to differ materially from those in the forward-looking statements.
 

 

For further information contact:
 
Greg Leavens, VP Finance & CFO
Jeremy Dietz
NXT Energy Solutions Inc.
The Equicom Group
505 — 3rd Street SW, Suite 1400
300 - 5th Avenue SW, 10th Floor 
Calgary, Alberta, Canada T2P 3E6
Calgary, Alberta, Canada T2P 3C4
Tel: (403) 206-0805
Tel: (403) 218-2833
nxt_info@nxtenergy.com
jdietz@equicomgroup.com
www.nxtenergy.com
 
 

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor NASDAQ OTCBB Exchanges accept responsibility for the adequacy or accuracy of this release.
 
 

 

 

 

 
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