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4. Fixed Assets

3 Months Ended

Mar. 31, 2013

Note 4 Fixed Assets

The following is a detailed list of fixed assets:

	March 31, 2013			December 31, 2012

Well equipment		56,663			56,663
Accumulated depreciation		(23,026	)		(21,002	)

Equipment - net	$	33,637		$	35,661

Depreciation expense was $2,024 and $0 for the three months ended March 31, 2013 and March 31, 2012.

- Definition

Tabular disclosure of the useful life and salvage value of 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.

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