Rental and Other Income

3 Months Ended

Dec. 31, 2013

16.	Rental and Other Income

The Company reversed part of the receivables and bad debts for the Company’s joint venture co-owners in the period at an amount of $267,962 (Cdn $265,651) of which $239,459 (Cdn $239,268) was related to a purchase agreement wherein the Company acquired an additional 10% working interest in most of the Sawn Lake oil sands properties where the Company already owns working interests, in exchange for $2,412,960 (Cdn $2,400,000), the discontinuance of two lawsuits, and forgiving the amounts owed and any defaults and penalties that the Company had imposed. This amount was included in Rental and Other Income as of December 31, 2012.