You guys are going to have a lot of fun but be safe. I have done a fair bit of cold driving in far northern europe and here is what I have to add:
Change your brake fluid before you leave if you are not using DOT5 fluid, DOT3 and DOT4 fluids are gycol based and will start to freeze around -40C. If the fluid is old it will of absorbed water and it freezing point will be much higher. Even if you use DOT5 fluid which does not mix with water you can still have problems, with DOT5 you can get pockets of water in the system which easily freeze and can cause serious brake problems.
Also at around -40C is when coolant starts to freeze, Evan's waterless coolant is a little better but not by much. I would recommend leaving the engine running if you are no near a town or village, this has many advantages. Petrol unlike diesel does not really freeze at natural temperatures and will easily burn at -40C, what it will not do is vaporize/atomize as needed by an engine without help. A block heater makes starting easier by enabling the gas to atomize better, once the engine is going it keeps itself warm. The job of a block heater is not to keep the engine operational.
First of all a block heater only warms the coolant in the block, all the engine oil has returned to the sump where it will go very thick. Many big trucks (my mog included) have electric pre oilers which is basically an electric oil pump that is typically used to build oil pressure before cranking, you could use a similar system to keep oil in the block and therefore warm. These pumps take a lot of eletricity which is another thing you are not going to have.
The oil will warm up pretty quick once you start the engine but at first you will be running with high oil pressure and low flow rates due to the thick oil. This could cause pressure releif to open. The high oil pressure and low ambient temperatures can also force oil past gaskets because the metal shrinks in the cold and the gasket goes brittle.
Your batteries will be very weak and could quite easily freeze which would b the end of the battery. In addition the engine will take some serious cranking and you will probably have more load on the batteries than normal due to various heating elements. Don't rely on a small portable generator for electricity, they can be extremely difficult to start in such temperatures and they suck gas. In addition alot of these small engines have plastic parts and I have no idea what happens to them at -40C. Not having mains eletricity pretty much rules out a block heater.
All of the above problems can be solved by leaving the engine running and covering the radiator grille. Leaving the engine running allows you to put the transfer case in neutral and the main box in low gear which will keep the tranny turning and gear oil warm. Gear oil is notoriously for turning into grease when its cold (and not -40 cold).
When you first start driving you need to do a few miles at high RPMs and low gear. This will generatre a lot of heat, give the oil time to wake up and in particular give the diffs time to losen up. You certainly do not want to drive away at 50 mph.
If you do switch the engine off at -40C you run the risk of breaking the belts when you crank in the morning. The belts will go brittle if left at -40C and will easily break. Don't forget modern engines have rubber timing belts as well which is also prone to going brittle.
You have got to keep the engine warm while its running, otherwise the ECU will stay in start mode and cause the engine to run rich consuming lots of fuel.
Rob