Property and Equipment

6 Months Ended

Mar. 31, 2013

7.	Property and Equipment

	March 31, 2013
			Accumulated		Net Book
	Cost		Depreciation		Value

Computer equipment	$	31,084	$	29,908	$	1,176
Office furniture and equipment		33,199		23,802		9,397
Software		5,826		5,826		–
Leasehold improvements		4,936		4,268		668
Portable work camp		170,580		128,307		42,273
Vehicles		38,077		28,641		9,436
Oilfield equipment		249,045		94,608		154,437
Road mats		364,614		274,256		90,358
Wellhead		3,254		1,386		1,868
Tanks		96,085		32,869		63,215
	$	996,700	$	623,871	$	372,828

	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 $44,164 of depreciation expense for the period ended March 31, 2013 (September 30, 2012 - $104,033).

- 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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