NXT Hires Business Consultant for North American Operations.CALGARY, Alberta -- Energy Exploration Technologies Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ENXTF) (FWB (Fixed Wireless Broadband) See fixed wireless. :EFW EfW Energy From Waste EFW Estimated Fetal Weight EFW Emergency Feedwater EFW Electric Fusion Welded (pipe) EFW Electric Field and Wave Experiment (Cluster spacecraft) ) ("NXT" or the "Company") is pleased to announce that the Company has engaged Mr. Peter A. Carwardine in the role of business consultant, North American Operations. His duties will include pursuing new survey contracts utilizing NXT's proprietary Stress Field Detection airborne survey system ("SFD") and the marketing of existing and future oil and gas prospects identified by NXT in North America. Mr. Carwardine holds a Bachelor of Business Administration “BBA” redirects here. For other uses, see BBA (disambiguation). The Bachelor of Business Administration (BBA) is a bachelor's degree in business studies. from the University of Texas and brings 30 years of oil and gas operational, business and land management experience to the Company. He is the President of Baycrest Energy Ltd., a private oil and gas consulting firm, and is a member of the CAPL CAPL Canadian Association of Petroleum Landmen CAPL Culturally Authentic Pictorial Lexicon (foreign language learning) CAPL Canadian Association of Public Libraries CAPL Commissions Administratives Paritaires Locales CAPL Career Planning , AAPL AAPL Apple Computer, Inc. (stock symbol) AAPL American Association of Professional Landmen AAPL American Academy of Psychiatry and the Law AAPL Advance Audiovisual Presentation Limited AAPL Advocates for Arkansas Public Libraries and a Director of the Small Explorers and Producers Association of Canada. Mr. Carwardine was previously a key member of the executive team responsible for building Encal Energy Ltd. into a senior producer listed on both the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. and New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. until its sale in 2001 to a US based power producer for $1.7 Billion (Cdn.). In 2002, Mr. Carwardine was appointed President, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and a Director of Virtus Energy Ltd., a Calgary based emerging oil and gas exploration and production company with operations in Western Canada. Mr. Carwardine was instrumental in the growth and development of Virtus from a production base of 50 boepd and few prospects to an entity of 800 boepd with an inventory of twenty undrilled locations in northeastern British Columbia and Alberta. Virtus was sold in June of 2005 in a deal valued at approximately $26.0 Million (Cdn.). Mr. Carwardine has been involved in the utilization of NXT's proprietary SFD survey system since 1997. He was instrumental in the development of the airborne SFD survey system and has managed a number of SFD projects both at Encal and Virtus. "We are pleased to have Peter with us. Our association goes back eight years and I have always appreciated his insight and understanding of the oil and gas business. Peter brings a wide range of experience and a strong background in all aspects of the petroleum industry, including contract negotiations, business development and operations." said George Liszicasz, President & CEO of NXT. Forward-Looking Statements This press release may include forward-looking statements including opinions, assumptions, estimates and expectations of future production, cash flow and earnings. 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 domestic capital markets, the ability to obtain financing, changes in oil and gas acquisition and drilling programs, operating risks, production rates, 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. Oil equivalent amounts have been calculated using a conversion rate of six thousand cubic feet of natural gas to one barrel of oil. BOE's may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Neither the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on nor the Frankfurt Exchanges has reviewed and do not accept responsibility for the adequacy or accuracy of this release. Energy Exploration Technologies Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :ENXTF) (FRANKFURT:EFW) |
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