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ANNUAL GENERAL MEETING SANTA BARBARA, CA JUNE 26, 2014 1.

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Presentation on theme: "ANNUAL GENERAL MEETING SANTA BARBARA, CA JUNE 26, 2014 1."— Presentation transcript:

1 ANNUAL GENERAL MEETING SANTA BARBARA, CA JUNE 26, 2014 1

2 Disclaimer and Forward-looking Statements The information contained in this document may include forward-looking statements including opinions, assumptions, estimates and expectations of future prospects for the Company and financial projections. When used in this document, the words "anticipate," "believe", "estimate," "expect," "intend," "may," "project," "plan," "will," "should" and similar expressions are intended to be among the statements that identify 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 forward-looking statements are reasonable; there can be no assurance that such expectations will be realized. Any number of important factors could cause actual results to differ materially from those in the forward-looking statements including, but not limited to, volatility of oil and natural gas prices, changes in the oil and gas industry, the Company’s ability to implement corporate strategies and obtain financing, the state of capital markets, operating risks, changes in general economic conditions and other factors more fully described from time to time in the reports and filings made by the Company with securities regulatory authorities. Neither the TSX-Venture or the OTCBB Exchanges accept responsibility for the adequacy or accuracy of any information contained in this document. 2

3 3 Info Circular matters to be approved at the AGM 1.Financial statements for the year ended Dec 31, 2013, and re-appointment of KPMG as auditors of NXT 2.Election of nominees for the Board of Directors 3.NXT Stock Option Plan – annual ratification / approval AGM for the fiscal year ended December 31, 2013

4 Cash and short-term investments Approx $7.6 million Debt-free Balance Sheet 2014 YTD Revenues – US $3.6 million 4 Financial Position Capitalization - Shares Outstanding (millions) 44.7Common shares issued 8.0 *Convertible Preferred shares (convert at 1:1, mature Dec 31, 2015) 2.6Stock options (average exercise price $0.89) 55.3Fully diluted # of shares 52 Week High/Low: $0.75 - $2.05. ATV ~ 65,000 shares * Does not represent debt or debt service…can be converted prior to Dec 31, 2015 at NXT’s option.

5 Strong Financial Position Cash and short-term investments of $5.8 million at end Q4-2013, increased to $7.8 million at end of Q1-2014 Warrant exercise proceeds received of $3.8 million ($2.7 million in Q1-2014) 5 2013 and 2014 YTD in review Expansion of Customer Base – New Client US $2.7 million south Asia survey project for new NOC client Pakistan Petroleum Ltd. (“PPL”) delivered in Q1-2013. US $3.6 million USA survey project for Kerogen Exploration Ltd. delivered in Q1-2104. Signed five year renewable supply agreement with PEMEX

6 2013 and 2014 YTD in review PEMEX –Publishing Joint Paper (July, 2013) – demonstrated the efficacy of SFD ® and the significant value added to exploration. The paper highlights the geophysical correlations from the PEMEX Integration study published shortly after the US $5.8 million survey project was delivered in Q4-2012 –Signing a long term contract with PEMEX Procurement International [PPI], Nov 2013 –2013 planned contract delayed 6

7 Gravimetry vs. SFD ® 7 Sensor mass Response Acquisition Coordinates Output SFD ® Light oscillating masses (wave properties) Qualitative detection for higher sensitivity (reservoir-scale density/stress) Dynamic (rapid response) Time (linear motion required) Signal patterns and trends (signal integrated over time) Gravimetry Heavy mass (magnitude only) Quantitative measurement (bulk density) Static (slow response) Space Single point magnitudes

8 2013 and 2014 YTD in review Current Opportunities PEMEX European Internationals Asia KEROGEN Exploration Bolivia Peru 8

9 2013 and 2014 YTD in review “VERTICAL EXPANSION” –Real value of SFD is what's in the ground (without diluting existing investors) –Monetize existing SFD ® data –Leverage SFD ® service –Royalties, equity ownership, cash consideration, additional long-term survey opportunities –NXT needs to position itself for maximum return 9

10 10 2013 and 2014 YTD in review Intellectual Property and Sensor Advancement US patent application submitted in May 2013, published for comment in November 2013 (now “Patent pending” status) Additional potential patent extensions / applications. Construction of additional sensor systems New data acquisition hardware / software system New data processing algorithm software New data interpretation and display software

11 Joint Technical Papers – Strong Endorsements of SFD ® The PEMEX paper (July 2013) Pakistan Petroleum Ltd. (“PPL”) paper (Nov 2013) Commitments from two additional clients to write joint technical papers after the completion of 2014 drilling programs Technical validation / correlations of SFD ® recommendations in Mexico, Argentina, USA, Colombia and Pakistan. Additional wells being drilled 11 2013 and 2014 YTD in review

12 12 2013 and 2014 YTD in review New Marketing Initiatives NXT exploring long-term opportunities to monetize Colombia data library, establish “Vertical Expansion” model Expanded our data libraries to include data in Argentina, USA and Mexico Added additional sales and technical resources both in Calgary and in country Created documents to increase the technical understanding of SFD ® Increase number of countries which accept SFD ® as part of work unit credits

13 13 2013 and 2014 YTD in review Significantly expanded sales funnel Completed pre-qualification phase for 7 clients, in process for 2 clients 9 Clients in Pakistan, Mexico, Bolivia, USA, Argentina stated they plan to use SFD ® in 2014/2015 Quotations requested by 8 National Oil Companies Expanded marketing efforts to include Canada and USA, as well as non-NOC’s Quotations delivered in the last 6 months exceed $45 million Discussion ongoing with potential clients in 12 countries Expanded sales agents to include Middle East and Bolivia

14 14 Country E&P activities Joint Papers Potential Contracts US$ Value (millions) ColombiaDrilling (P)-1+$ 1.5+ Guatemala Drilling (C)--- Argentinaseismic (C) Drilling (P)P2$4.0+ USADrilling (P)P1+$2.0+ MexicoSeismic (C), Drilling (I)C2+$10.0 + PakistanSeismic (C), Drilling (P)C4+$ 15.0 + Malaysia--1$2.0+ Peru--1+$ 3.0 + Bolivia-- 4+$ 5.0 + Canada-- 1+$0.7+ Middle East-- 2+$4.0+ Other Latin America- 5+$5.0+ Exploration activity on recent SFD ® survey areas, and new opportunities P – plannedI – in progressC - completed

15 PEMEX – Close on expanding this key relationship Complete the “technical review” stage, finalize terms of a new survey Prove the value of SFD in deep-water exploration Through work with PEMEX, gain exposure to new players in the Mexico portion of the Gulf waters Close deals with existing Clients Expand relationship with Pakistan Petroleum Complete follow-on survey in USA Follow-on surveys with existing Latin American clients Additional new staff and management to ensure scalability Geosciences and Interpretation Marketing and Sales R&D 15 Key Goals for 2014 and beyond

16 Expansion of Client base and New Markets Build on our success in Pakistan and Latin America to gain at least two new NOC clients (OMV, OGDCL, ENI, Petronas, YPFB, YPFB Andina, YPFB Chaco, Petrobras) Expand our client base to include small and intermediate clients and smooth out our revenue profile Data Library – expand on the long-term value of this concept Unlock value of existing Colombia data / “Vertical expansion” model acquire proprietary data with each survey flown in new markets Intellectual property Complete initiatives discussed earlier in this presentation 16 Key Objectives for 2014 and beyond

17 Question and answer period 17 THANK YOU !


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