NXT Energy Solutions (SFD) 17th Annual LD Micro Main Event Conference summary

Technology overview and industry context

• Airborne survey tool uses gravity-based sensors to detect stress anomalies, patented in 47 countries, reducing costs and environmental impact.

• Discovered resource volumes are declining despite increased investment; SFD aims to reverse this trend.

• SFD surveys cover more ground faster and cheaper than traditional seismic, with 2,200 line km in two months for $5M versus 250 line km in two years for seismic.

• SFD demonstrated a 71% commercial success rate in wildcat wells, far exceeding industry averages.

• SFD signal outputs have been validated in major fields, confirming significant accumulations.

Operational performance and case studies

• SFD can pinpoint prospective anomalies, reducing dry hole risk and drilling costs.

• Combining SFD with seismic surveys optimizes exploration efficiency and cost-effectiveness.

• Major clients include BP, Pemex, and national oil companies; recent contracts in Turkey, Nigeria, and Southeast Asia.

• Growth strategy focuses on frequency, adjacency, and repeatability, with four contracts announced in the past year.

• Small initial contracts often lead to larger follow-on work, especially in new regions.

Strategic direction and financials

• Entered geothermal survey market, supported by Canadian government R&D funding.

• Management team has deep industry and capital markets experience.

• Won best exploration technology award, competing against major industry players.

• Insider ownership is close to 50% on a fully diluted basis; shares trade around CAD 0.20.

• Trailing 12-month revenue was CAD 2.7 million, with expectations for significant growth and best backlog in a decade.