Property and Equipment

9 Months Ended

Jun. 30, 2011

5.	Property and Equipment

	June 30, 2011
			Accumulated		Net Book
	Cost		Depreciation		Value
Computer equipment	$	30,655	$	27,273	$	3,382
Office furniture and equipment		33,198		17,200		15,998
Software		5,826		5,826		–
Leasehold improvements		4,935		2,111		2,824
Portable work camp		170,580		91,920		78,660
Vehicles		38,077		20,518		17,559
Oilfield equipment		154,713		59,056		95,657
Road mats		364,614		196,481		168,133
Wellhead		3,254		305		2,949
Tanks		96,085		20,094		75,991
	$	901,937	$	440,784	$	461,153

	September 30, 2010
			Accumulated		Net Book
	Cost		Depreciation		Value
Computer Equipment	$	31,460	$	25,607	$	5,853
Office furniture and equipment		33,476		14,580		18,896
Software		5,826		5,826		–
Leasehold improvements		4,935		1,612		3,323
Portable work camp		170,580		69,085		101,495
Vehicles		38,077		15,421		22,656
Oilfield equipment		154,713		42,175		112,538
Road Mats		364,614		147,669		216,945
Tanks		96,085		13,931		82,154
	$	899,766	$	335,906	$	563,860

There was $105,773 of depreciation expense for the period ended June 30, 2011 (September 30, 2010 - $195,261).

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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