Energy Exploration Technologies Inc.
OTC Bulletin Board : ENXTF

Energy Exploration Technologies Inc.

November 29, 2007 09:20 ET

NXT Announces Cdn. $1.0 Million SFD Survey Contract

CALGARY, ALBERTA--(Marketwire - Nov. 29, 2007) - Energy Exploration Technologies Inc. ("NXT" or "the Company") (OTCBB:ENXTF) (FRANKFURT:EFW) -

NXT is pleased to announce the signing of a Cdn. $1.0 million SFD Survey contract in Western Canada with a Calgary based junior oil and gas company. NXT will also receive a Gross Overriding Royalty Interest ("GORR") on any production from lands acquired by the client based on the SFD survey results.

"The time from contract signing to delivery of SFD recommendations is scheduled to be less than one month" stated Andrew Steedman, NXT's VP Operations. "This clearly demonstrates our ability to deliver results to our customers in a very short period of time."

NXT is in the business of providing wide-area airborne exploration services to the oil and gas industry. The Company utilizes its proprietary SFD Survey System to offer its clients a unique service to rapidly identify sub-surface structures with reservoir potential in sedimentary basins with no environmental impact. The value of the service is providing clients with an efficient, cost effective method of surveying large tracts of land and delivering an inventory of SFD prospects with high potential.

Additional information about NXT and the SFD technology is available on the Company's website.

Forward-Looking Statements

This news release 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, the volatility of oil and gas prices, the ability to implement corporate strategies, the state of capital markets, the ability to obtain financing, changes in the oil and gas industry, operating risks, reserve estimates, 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 NASDAQ OTCBB nor the Frankfurt or Berlin Exchanges have reviewed and do not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Energy Exploration Technologies Inc.
    Ken Rogers
    VP Finance and CFO
    (403) 264-7020
    Energy Exploration Technologies Inc.
    505 - 3rd Street, S.W., Suite 1400
    Calgary, Alberta, Canada T2P 3E6
    (403) 264-7020
    (403) 264-6442 (FAX)