OTC Bulletin Board S & P Company Insight for ENERGY EXPLORATION
Profile
	Business Summary: NXT Energy Solutions Inc., a technology company, provides wide-area airborne exploration survey services for the oil and gas industry. It offers Stress Field Detection survey system, a remote sensing airborne survey system that identifies areas with oil and natural gas reserve potential.   Address   505 3 St SW Suite 1400   Calgary , Alberta T2P 3E6   Phone: 403-264-7020   Fax: 403-264-6442   Website: http://www.nxtenergy.com Transfer Agent   Olympia Trust Company Founded:  1994 Domicile:  Alberta
Background
	NXT Energy Solutions Inc., a technology company, provides wide-area airborne exploration survey services for the oil and gas industry. It offers Stress Field Detection survey system, a remote sensing airborne survey system that identifies areas with oil and natural gas reserve potential. The company was formerly known as Energy Exploration Technologies Inc. and changed its name to NXT Energy Solutions Inc. in September 2008. NXT Energy Solutions Inc. was founded in 1994 and is based in Calgary, Canada. History:  INCORPORATED in Alberta Oct. 24, 2003, as a continuation of a company incorporated in Nevada Sept. 27, 1994, as Auric Mining Corp. to merge Mega-Mart, Inc. (predecessor) on a share-for-share basis Sept. 28, 1994. In January 1996, the company acquired Pinnacle Oil Inc. The company's name was changed to Pinnacle Oil International, Inc. Feb. 23, 1996; to Energy Exploration Technologies Inc. in June 2000; and to NXT Energy Solutions Inc. Sept. 22, 2008. Predecessor was incorporated in Delaware Jan. 28, 1987.     Capital Expenditures, thousand. US Dollars   Year   Amount   2009   176   2008   239   2007   307   Research and Development Expenditures, thousand. US Dollars   Year   Amount   2007   0   2006   0   2005   3,000
Management
	Management Officers Position  George  Liszicasz Chairman, President & Chief Executive Officer  Ken L. Rogers Chief Financial Officer  Murray  Christie SR VP & Chief Operating Officer  Suzanne  Loov Secretary  Ken  Rogers Investor Relations Contact Directors  Mohammed S.  Abougoush  Brian  Kohlhammer  George  Liszicasz  Douglas J. Rowe  Charles V. Selby  Thomas E. Valentine
Annual Report
	Annual Report   Income Statement   2009 2008 2007 Revenue 3,684,323 2,955,062 5,641,692 Survey cost 1,587,120 211,237 814,343 Oil and natural gas operating expenses 8,348 3,959 3,753 Administrative 4,241,139 3,678,803 4,016,662 Depletion and impairment of oil and natural gas properties 2,315 4,372 87,291 Amortization and depreciation 173,585 171,613 128,179 Gain on sale of oil and natural gas properties 1,037 20,325 - Interest income 80,633 234,007 109,374 Interest and penalties on convertible debentures -- - 100,980 Other expense - 90,000 - Loss (gain) on foreign exchange 150,958 (20,242) 249,427 Abandonment of oil and natural gas properties 7,653 210,943 - Net income (2,405,125) (1,141,291) 350,431 Net income (loss) per share unit Basic (0.08) (0.04) 0.01 Diluted (0.08) (0.04) 0.01   Balance Sheet   2009 2008 Assets Current assets: Cash and cash equivalents 4,174,145 146,065 Short term investments - 6,748,105 Accounts receivable 1,142,380 20,569 Prepaid expenses and other 53,288 57,159 Total current assets 5,369,813 6,971,898 Oil and natural gas properties 5,000 7,315 Other property and equipment, net 630,827 621,396 Total assets 6,005,640 7,600,609 Liabilities and Shareholders' Equity Current liabilities: Trade payables 413,997 359,535 Other accrued liabilities 295,739 256,624 Current portion of capital lease obligation 10,684 10,684 Asset retirement obligation 19,357 20,000 Total current liabilities 739,777 646,843 Asset retirement obligation 31,897 28,997 Capital lease obligation 16,834 24,811 Derivative liability 183,815 - Shareholders' equity: Preferred shares 3,489,000 3,489,000 Common shares 51,934,360 51,884,121 Contributed capital 3,939,953 3,519,072 Deficit (55,040,931) (52,703,170) Accumulated other comprehensive income 710,935 710,935 Total stockholders' equity 5,033,317 6,899,958 Total liabilities 6,005,640 7,600,609
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2009   1 20,000   2008   1 10,000   2008   2 1,730,000   2008   3 1,190,000   2008   Full Year 2,960,000   2007   1 10,000   2007   4 2,400,000   2007   Full Year 5,380,000   2006   1 10,000   2006   2 10,000   2006   3 10,000   2006   Full Year 1,100,000   2005   1 10,000   2005   2 10,000   2005   3 10,000   2005   Full Year 50,000   2004   1 40,000   2004   2 Nil   2004   3 20,000   2004   4 10,000   2004   Full Year 80,000     Quarterly Net Income, US$ Year Quarter Revenue   2009   1 (1,060,000)   2008   1 (710,000)   2008   2 800,000   2008   3 (290,000)   2007   1 (750,000)   2007   4 210,000   2006   1 (730,000)   2006   2 (1,700,000)   2006   3 (510,000)   2006   Full Year (3,767,500)   2005   1 (1,620,000)   2005   2 (480,000)   2005   3 (290,000)   2005   Full Year (7,836,500)   2004   1 (1,030,000)   2004   2 (1,010,000)   2004   3 (420,000)   2004   4 (760,000)   2004   Full Year (3,215,900)     Quarterly EPS, US$ Year Quarter Revenue   2009   1 (.03)   2008   1 (.02)   2008   2 .02   2008   3 (.01)   2008   Full Year (.04)   2007   1 (.03)   2007   4 .01   2007   Full Year .01   2006   1 (.03)   2006   2 (.07)   2006   3 (.02)   2006   Full Year (.15)   2005   1 (.08)   2005   2 (.02)   2005   3 (.01)   2005   Full Year (.37)   2004   1 (.05)   2004   2 (.05)   2004   3 (.02)   2004   4 (.04)   2004   Full Year (.16)
Stock Data
	Capitalization as of 12/31/2009:     Authorized Shares Outstanding Shares Common no par Unlimited 30,701,796 Preferred Unlimited 10,000,000so2   LONG TERM DEBT: Canadian Dollar 16,834.   Common no par   Transfer Agent:  Olympia Trust Company   Calgary , Alberta   OTC Bulletin Board( Primary): NSFDF     TSX Venture Exchange( Secondary):    Exchange Year High Low OTC Bulletin Board 2009 1.4000 0.3000 OTC Bulletin Board 2008 4.8700 0.3500 OTC Bulletin Board 2007 5.8900 1.0500 OTC Bulletin Board 2006 1.7500 0.7000 OTC Bulletin Board 2005 2.3000 0.5500 OTC Bulletin Board 2004 3.0000 1.1000 OTC Bulletin Board 2003 2.9000 0.0900 OTC Bulletin Board 2002 1.5000 0.0600 OTC Bulletin Board 2001 8.0000 0.9000 OTC Bulletin Board 2000 42.7500 3.8750   RECENT DIVIDENDS: Common no par: No cash.       so2Closely held. Consists of Series 1 Preferred shares, which are conditionally convertible into Common shares. Of the total, 2,000,000 Series 1 shares became convertible into Common shares upon issue. The remaining 8,000,000 Series 1 shares may become convertible into Common shares in four 2,000,000-share increments should the company achieve specified cumulative revenue thresholds prior to Dec. 31, 2015.