Property and Equipment

3 Months Ended

Dec. 31, 2012

Equity Method Investments and Joint Ventures [Abstract]

Property and Equipment

7. Property and Equipment

	December 31, 2012
			Accumulated		Net Book
	Cost		Depreciation		Value
Computer equipment	$	31,084	$	29,469	$	1,615
Office furniture and equipment		33,199		23,038		10,161
Software		5,826		5,826		--
Leasehold improvements		4,936		4,101		835
Portable work camp		170,580		124,578		46,002
Vehicles		38,077		27,808		10,269
Oilfield equipment		249,045		88,648		160,397
Road mats		364,614		266,284		98,330
Wellhead		3,254		1,252		2,002
Tanks		96,085		31,205		64,880
	$	996,700	$	602,209	$	394,491

	September 30, 2012
			Accumulated		Net Book
	Cost		Depreciation		Value
Computer equipment	$	31,084	$	29,312	$	1,772
Office furniture and equipment		33,199		21,152		12,046
Software		5,826		5,826		–
Leasehold improvements		4,936		3,934		1,002
Portable work camp		170,580		120,847		49,733
Vehicles		38,077		26,976		11,101
Oilfield equipment		154,713		82,689		72,024
Road mats		364,614		258,311		106,303
Wellhead		3,254		1,119		2,135
Tanks		96,085		29,541		66,544
	$	902,368	$	579,707	$	322,660

There was $22,500 of depreciation expense for the period ended December 31, 2012 (September 30, 2012 - $104,033).