Property and Equipment

9 Months Ended

Jun. 30, 2014

7. Property and Equipment

	June 30, 2014
			Accumulated		Net Book
	Cost		Depreciation		Value

Computer equipment	$	31,492	$	30,870	$	622
Office furniture and equipment		33,199		26,177		7,022
Software		5,826		5,826		–
Leasehold improvements		4,936		4,936		–
Portable work camp		170,580		143,600		26,980
Vehicles		38,077		32,055		6,022
Oilfield equipment		249,046		127,904		121,142
Road mats		364,614		306,945		57,669
Wellhead		3,254		1,953		1,301
Tanks		96,085		40,687		55,398
	$	997,109	$	720,953	$	276,156

	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 $54,361 of depreciation expense for the period ended June 30, 2014 (June 30, 2013 - $65,753 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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