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5. PROPERTY AND EQUIPMENT (Details) (USD $)	Jun. 30, 2013	Dec. 31, 2012
Equipment, Gross	$ 118,803	$ 118,803
Less: Accumulated Depreciation	(57,278)	(30,920)
Equipment, Net	61,525	87,883
Computer Equipment
Equipment, Gross	6,714	6,714
AFJ Rig
Equipment, Gross	$ 112,089	$ 112,089

X

- Definition

Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.

+ References

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- Definition

Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.

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+ References

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