Board of Directors
NXT’s Board of Directors currently consists of six members, five of which are non-management, independent directors. The Board members have a diverse business background, and extensive experience with public companies, and with entities involved in oil and gas exploration and production.
NXT’s Board also has four independent Committees whose mandates are to advise the Board on various matters – the Audit, Compensation, Governance, and Disclosure Committees.
George Liszicasz is the visionary and inventor behind the science of the SFD® technology. He is Chairman, President and Chief Executive Officer at NXT Energy Solutions, Inc.
Liszicasz was born and grew up in Hungary where he received his degree in Electronics in 1975. In 1979, Liszicasz immigrated to Canada where he studied 200 words per day to achieve an academic proficiency level of English in just one year. In 1980 Liszicasz enrolled in an undergraduate program at the University of British Columbia studying general sciences, majoring in physics. This fed Liszicasz’ passion in the creation of 52 inventions, including electronic control systems, early warning systems, medical lasers, new pyroelectric materials, and various geophysical instruments, etc. In 1986, Liszicasz established his R&D Company and offered consulting services and developing special devices for various industry applications. His company also evaluated and made recommendations on various technical patents and new technologies for the Science Council of British Columbia, Canada.
Liszicasz, the inventor, was developing a new high efficiency transducer material that would convert body heat into to electricity, so that pacemaker batteries would not have to be replaced every 4 months. The material under specific conditions exhibited new quantum mechanical and electrical conduction behaviors, never seen before. Studying the phenomenon further, Liszicasz realized that it was the key to creating a new detection mechanism that would use gravity as a proxy to explore and utilize the physical relationship between gravity gradients and subsurface stress leading to the development of the Stress Field Detection (“SFD”) technology.
In 1996 Liszicasz founded what would become NXT Energy Solutions Inc. (“NXT”) and seven years later he became NXT’s President. Stress Field Detection was commercialized in Canada in 2007 under the profitable stewardship of Liszicasz. Today Stress Field Detection surveys are being conducted for NOC’s and E&P companies driving efficiencies into their exploration process by focusing their G&G programs and capital on areas conducive to trapped fluid potential within sedimentary basins worldwide.
In addition to his scientific activities and strategic development Liszicasz leads a team of Ph.D.’s of mathematics, Physics, Electrical Engineers, and Geoscience who continue the evolution of the SFD® technology.
Liszicasz has served as a member of the NXT Board of Directors since 1997.
Mr. Selby holds a B. Sc. (Hons) in Chemical Engineering, a J.D. degree and is a registered professional engineer in the Province of Alberta. Mr. Selby is also the Chairman and CEO of Montana Exploration Corp., a TSX-V reporting issuer. He is the president of Caledonian Royalty Corporation and Caledonian Global Corporation, both private entities which are involved in oil & gas exploration and production. He is a former officer (1993 to 2010) of Pengrowth Corporation, which administered Pengrowth Energy Trust, a large North American energy royalty trust.
Mr. Selby has also previously been a director of several other Canadian reporting issuers.
Mr. Selby joined NXT's Board in 2006 is the Chairman of NXT’s Compensation Committee, and a member of its Audit and Disclosure Committees.
Mr. Tilson joined NXT's Board in February 2015.
Mr. Tilson obtained MBA and CFA designations and had a distinguished career as an analyst, portfolio manager, and advisor in the US investment and financial industry with such firms as Sutro & Company and EF Hutton & Company. John joined Roger Engemann and Associates in 1983 when assets under management were roughly US $160 million. During his tenure there, the Pasadena Group of Mutual Funds was started, with Pasadena Capital Corporation formed as the holding company for the mutual funds and investment management business. After working as an analyst and portfolio manager, John later became Executive Vice President & Managing Director of Pasadena Capital Corporation. Assets under management had grown to over US $5 billion by the time the firm was sold to Phoenix Companies in 1997. Mr. Tilson later retired in 2005. Mr. Tilson now resides in Montecito, California, and from 2006-2012 was a member of the Board of Trustees, including three years serving as VP and Chairman of the long-range planning committee, for Lotusland, a Santa Barbara non-profit organization established by Madame Ganna Walska.
Thomas E. Valentine
Mr. Valentine is a Partner with the Calgary office of Norton Rose Fulbright LLP, and has practiced law, both as a Barrister and a Solicitor, since his call to the Bar in 1987. He is a member of the firm’s Global Resources Practice Group and is involved in energy and energy related matters throughout the Middle East, North Africa, the CIS, Asia and South America. He has extensive experience with international law and projects,
Mr. Valentine's work focuses on oil and gas projects, with an expertise in international LNG projects and developments. Mr. Valentine is a member of the Board of Directors of three other Canadian public companies, Calvalley Petroleum Inc., Veraz Petroleum Ltd., and Touchstone Exploration Inc
Mr. Valentine holds a BA from the University of British Columbia, a LLB from Dalhousie University, and a LL.M. from the London School of Economics.
Mr. Valentine joined NXT's Board in 2007 and is the Chairman of NXT’s Governance Committee, and a member of its Compensation Committee.
Bruce G. Wilcox
Mr. Wilcox joined the NXT Board of Directors on June 8, 2015. He resides in New York, following a long career as an investment company CEO, analyst and portfolio manager. He spent most of his career with Cumberland Associates, LLC, a billion dollar New York equity fund, from 1986 through retirement in 2010, progressing from analyst / portfolio manager to partner, and Chairman of the Managing Committee. Mr. Wilcox specialized in Cumberland’s investment positions in energy industry (E&P and service) companies, with an emphasis on value and long-term holdings. From 1984 to 1986, Mr. Wilcox was with Central National-Gottesman, Inc. as an analyst and portfolio manager on a team responsible for a $500 million listed equity portfolio.
Bruce Wilcox is presently one of the managing members of Xiling Fund III, LLC, part of a series of private equity funds ($100+ million) which specialize in investing in museum quality Chinese art and collectibles.
Mr. Wilcox obtained a BA (Honors), Modern Chinese from the University of California, Santa Barbara, and a Master of International Management from the American Graduate School of International Management in Phoenix.
Mr. Wilcox is a member of several Boards, including the Teachers College of Colombia University (2003 to date, including acting as the Chair of Investment Committee), the University of California Santa Barbara Foundation (2003 to date, including as former Chair of the Board, Investment and Finance Committees), and is a Trustee of the Manhattan Institute For Policy Research (2001 to date), a leading urban, state, and national policy institution, which works on matters such as energy policy.