NXT PROVIDES AN UPDATE ON SFD SURVEY CONTRACTS
Calgary, Alberta, Canada
Thursday, May 1, 2008
Energy Exploration Technologies Inc. (“NXT” or “the Company”)
“SFD” – TSX-V
“ENXTF” – NASDAQ OTCBB
NXT WILL BE HOSTING A CONFERENCE CALL FOR SHAREHOLDERS TODAY AT 10 A.M.
MOUNTAIN TIME. TO PARTICIPATE IN THE CALL, PHONE INTO THE ACCESS NUMBER -
NXT is pleased to provide the following update on SFD Survey contracts.
NXT’s existing client, Pengrowth Energy Trust, has agreed to a Cdn $1.2 million SFD survey subject to finalizing
definitive terms. Final contract documents are to be completed in the next two to three weeks with the survey
scheduled to commence in Q2, 2008.
NXT has completed the previously announced $1.5 million of surveys for another ongoing client, Black Goose
Holdings Inc. (“Black Goose”). This revenue will be recognized throughout both the first and second quarter of
All of the above contracts provide NXT with a gross overriding royalty on surveyed areas.
Management anticipates adding to the order book of SFD contracts throughout the balance of the year.
NXT is in the business of providing wide-area airborne services to clients utilizing its proprietary SFD Survey
System to search for new oil and gas fields. The Company rapidly identifies and ranks prospective areas with
sub-surface structure and reservoir potential. Our service provides an efficient, cost effective method for
surveying large tracts of land and delivering an inventory of high impact SFD qualified prospects.
Additional information about NXT and the SFD technology is available on the Company’s website.
For more information contact:
Ken Rogers, VP Finance and CFO
Energy Exploration Technologies Inc.
505 — 3rd Street, S.W., Suite 1400
Calgary, Alberta, Canada T2P 3E6
Tel: (403) 264-7020
Fax: (403) 264-6442
This news release may include forward-looking statements including