Energy Exploration Technologies Inc.
OTC Bulletin Board : ENXTF

Energy Exploration Technologies Inc.

January 25, 2006 08:30 ET

NXT Announces Signing of Engagement Letter with Dundee Securities for TSX-V Listing Application

CALGARY, ALBERTA--(CCNMatthews - Jan. 25, 2006) - Energy Exploration Technologies Inc. (OTCBB:ENXTF) (FWB:EFW) ("NXT" or "the Company"):

NXT is pleased to announce that it has entered into an agreement with Dundee Securities Corporation to act as its exclusive financial advisor and sponsoring broker on its TSX-V listing application.

"We are pleased to see the continuation of our excellent relationship with Dundee Securities Corporation," commented George Liszicasz, President and CEO of Energy Exploration Technologies, "Dundee has provided critical financing and advice to enable the Company to move toward commercializing its SFD Technology. The TSX-V listing application is a very important step in gaining access to the Canadian capital markets to support the Company's core business in Canada".

Dundee Securities Corporation is a full service investment dealer engaged in wealth management & financial advisory services, retail brokerage, institutional sales & trading, equity research and investment banking. Dundee Securities Corporation is a member of the Investment Dealers Association of Canada and CIPF. At present, the Dundee Wealth Management companies manage and administer approximately $46 billion in assets, with 1,971 independent financial advisors and 479 insurance agents located in approximately 665 independent offices across Canada.

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, low cost 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 areas and delivering an inventory of prospects with high potential. The SFD-based exploration process drastically reduces the need for 2-D reconnaissance seismic thus saving clients' valuable time and money.

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.

Reference to "bcf" means billions of cubic feet of natural gas and reference to "mstb" means a thousand stock tank barrels of crude oil.

Neither the NASDAQ OTCBB nor the Frankfurt Exchange or the TSX Venture Exchange have reviewed and do not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Energy Exploration Technologies Inc.
    George Liszicasz
    President and CEO
    (403) 264-7020
    (403) 264-6442 (FAX)
    Energy Exploration Technologies Inc.
    505 - 3rd Street, S.W., Suite 1400
    Calgary, Alberta, Canada T2P 3E6