13 Dec 2005drilling progress report▲ Good
NXT released an independent review by GLJ Petroleum Consultants of drilling activity after its SFD surveys in the Peace River Arch (Canada) and Greater Green River Basin (Wyoming). GLJ found successful wells drilled in several NXT-identified prospect areas, including the Ladyfern gas pool. GLJ was not asked to assess the science behind SFD or the statistical significance of the results. The company says it now sees commercial application for SFD and is considering developing seismically qualified prospects for its own account or with partners.