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A N N U A L G E N E R A L M E E T I N G

O C T O B E R 1 7 , 2 0 1 3

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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.

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Info Circular matters to be voted on at the AGM

1. Financial statements for the year ended Dec 31, 2012, and re-appointment of KPMG as auditors

2. Board of Directors nominees

3. NXT Stock Option Plan – annual ratification / approval

4. Amendment of NXT Articles of incorporation

5. Amended By-laws of NXT – confirm and ratify

AGM for the fiscal year ended December 31, 2012

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A record Year, led to Strong Financial Position

• $ 11 million in revenues, operating cash flow (before net W/C change) of $2.3 million

• Raised US $3.2 million via private placement at US $0.75 per Unit• Additional warrants (US $1.20 / share), expire March / May 2014

2012 in review – major accomplishments

Major Expansion in Customer Base and New Markets for SFD®

• Projects conducted in 6 separate countries, creating footholds into several new growth markets (Mexico, Pakistan, Argentina)

• PEMEX project – US $5.8 million survey (largest delivered to date)

• Expansion of potential application of SFD® in new geological settings

SFD® Recommendations vs. Discovery

NXT conducted 10 surveys for 5 clients

totalling more than 7,000 line kilometers

Wells drilled on SFD ® recommended leads

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Commercialdiscoveries7 0

PredictionSuccess Rate64% 100%

Estimated 1.26 Billion BBL OOIP

4 Field Discoveries

Wells drilled in areas rejected by SFD ®

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Example of NXT Survey ResultsLlanos Basin, Colombia (2009-2012):

Cash position

• Present: $3.1 million, Debt-Free Balance Sheet• 4.5 million Warrants (US $1.20 / share) – expiry can be accelerated

• Proceeds up to US $5.4 million could be realized if all warrants are exercised.

2013 Revenue – Pakistan Petroleum Limited (PPL) US $ 2.7 Million

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Financial Position

Capitalization - Shares Outstanding (millions)41.5 Common shares issued

8.0* Convertible Preferred shares (convert at 1:1, mature Dec 31, 2015)

3.0 Stock options (average exercise price $0.84)

4.5 Warrants (US $1.20 exercise)

57.0 Fully diluted # of shares

52 Week High/Low: $0.56 - $2.05. ATV ~ 65,000 shares

Plan to move to TSX, and potential listing on AMEX

* Does not represent debt or debt service…converts 1:1 to common on achievement of milestones

Joint Technical Papers – Client Endorsement of SFD®

• The PEMEX paper – a significant new integration study which greatly aids in SFD® marketing efforts.

• The PPL paper – will be presented at ATC Conference Nov 24, 2013. The results helps showcase our value to new NOCs who are active partners with PPL in the South Asia region.

• PCR (Argentina) has also expressed an interest to publish a joint paper.

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2013 significant developments

Expand on the SFD® Value Proposition

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5 exploration criteria that must be met for discoveries

• Source• Migration• Trap• Reservoir• Seal

SFD® only responds if all three are present

5 major areas left to find new reserves

• Deep water• Salt bound reservoirs• Resource plays• Frontier areas• Sub-Basalt

SFD® can assist clients in all areas withno environmental impact

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2013 significant developments

Intellectual Property – continue to enhance it!

• US patent application submitted in May 2013 (Patent filling plans)

• Arief Budiman added to G&G Advisory Board, developing mathematical principles on operation of SFD®

• R&D initiatives – improve the sensor systems

Market Initiatives

• PEMEX – has rapidly embraced expanded use of SFD®

• New client prospects – interest in Bolivia, Peru, Mediterranean, Pakistan, Colombia

• Exploring opportunities to establish “Vertical Expansion” model

Programa operativo

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SFD® - Growing Industry Acceptance

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Highlights of the PEMEX 2012 SFD ® survey project

• Covered large varying geological areas and the Gulf of Mexico (e.g. salt traps)

• Survey was designed both as a “blind-test” to assess SFD® correlation with existing geophysical data and producing fields and to identify new exploration prospects

• Total project with SFD® recommendations was delivered in only 4 months

• Project results

• High correlation between SFD ® and seismic anomalies

• 47 of 64 known fields identified, representing 98% of total reserves flown, missed fields less than 2km in lateral extent.

• PEMEX and NXT co-authored a technical paper, which includes SFD® / seismic correlation.

• The paper was presented at NGO Conference in Cartagena, Colombia July 24, 2013. 

• The paper won the best exploration paper award at the 6th Annual Congreso International Bolivia Gas and Energia 2013 Conference.

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Cuenca Salina del Istmo Golfo Profundo

SE NW

SE

NW

Anomalía PMX-2.16, Segundo orden, Clasificación (1+B+) Buen potencial de trampa, Buen potencial de yacimiento, confiabilidad (1)

Anomalía PMX-2.17, Segundo orden, Clasificación (1+B) Buen potencial de trampa, Potencial moderado de yacimiento, confiabilidad (1)

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CountryE&P

activitiesJoint

PapersPotential

Contracts US$ Value(millions)

Colombia seismic (P) - 2 $ 1.5

Guatemala drilling (I) - - -

Argentinaseismic (C)Drilling (P)

1 - -

Belize seismic (I) - 1 -

Mexico seismic (I)drilling (P) 1 multi-year $10 +

Pakistan seismic (I)drilling (P) 1 multiple $ 5.0 +

Mediterranean - - multiple $ 5.0 +

Peru - - multiple $ 3.0 +

Bolivia - - multiple $ 5.0 +

Exploration activity on recent SFD® survey areas, and new opportunities

P – planned I – in progress C - completed

Financial strength

• Goal to complete at least $10 million new projects by end of Q1-2014

• Exit Q1, 2014 with cash position exceeding $10 million, if warrants are exercised in full.

Other Initiatives

• Secure projects with new client prospects – in Bolivia, Peru, Mediterranean, Pakistan and Colombia

• Continue building on the acceptance and awareness of SFD® value proposition

• PCR-NXT paper – another customer publically supporting SFD®

• Listing on the TSX and Amex

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Short Term Objectives

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PEMEX – build and expand the relationship!

• Continue to rapidly deliver high-value product and service, make SFD® a standard, recurring exploration “product” for them

Addition of Staff and Management

• Geoscience• Marketing and Sales

Key Objectives for 2014 and beyond

New Markets – keep expanding them!

• Leverage our ability to conduct offshore SFD® surveys – aids in cracking new markets in Brazil and Africa

• Build on our success in Pakistan to gain both repeat business, and new clients such as ENI, OMV, OGDCL

• Bolivia and Peru – Leverage the relationships held there via our successful Mexico agent

Data Library – realize its unlocked value!

• Unlock value of Colombia data – exploring use of the “Vertical expansion” model

• Continue to acquire “spec” data with each survey flown, especially in new frontier markets

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Key Objectives for 2014 and beyond

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Our next AGM will be held June 26, 2014 in California

See you there!!!!!!!

Thank you!

Q&A ?