Property and Equipment

3 Months Ended

Dec. 31, 2013

7.	Property and Equipment

	December 31, 2013
			Accumulated		Net Book
	Cost		Depreciation		Value

Computer equipment	$	31,492	$	30,674	$	818
Office furniture and equipment		33,199		25,351		7,848
Software		5,826		5,826		–
Leasehold improvements		4,936		4,769		167
Portable work camp		170,580		138,378		32,202
Vehicles		38,077		30,889		7,188
Oilfield equipment		249,046		113,652		135,394
Road mats		364,614		295,783		68,831
Wellhead		3,254		1,753		1,501
Tanks		96,085		37,693		58,392
	$	997,109	$	684,768	$	312,341

	September 30, 2013
			Accumulated		Net Book
	Cost		Depreciation		Value

Computer equipment	$	31,084	$	30,576	$	508
Office furniture and equipment		33,199		24,938		8,261
Software		5,826		5,826		–
Leasehold improvements		4,936		4,602		334
Portable work camp		170,580		135,767		34,813
Vehicles		38,077		30,306		7,771
Oilfield equipment		249,045		106,527		142,518
Road mats		364,614		290,202		74,412
Wellhead		3,254		1,653		1,601
Tanks		96,085		36,196		59,889
	$	996,700	$	666,593	$	330,107

There was $18,176 of depreciation expense for the period ended December 31, 2013 (December 31, 2012 - $22,500 and September 30, 2013 - $86,884).

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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