Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Loss and Comprehensive Loss - USD ($)

v3.21.2
Consolidated Statements of Loss and Comprehensive Loss - USD ($) - USD ($)
12 Months Ended
Aug. 31, 2019
Aug. 31, 2018
Income Statement [Abstract]    
Revenues from hydrocarbon sales $ 59,335
Production and maintenance costs (1,347,766)
Advance royalty payments applied or expired (291,057) (272,333)
Gross Loss (1,579,488) (272,333)
Expenses    
Depreciation, depletion and amortization 73,650 51,181
Selling, general and administrative expenses 11,543,432 14,309,914
Financing costs 1,225,435 811,432
Impairment of investments 914,468
Other expenses (income), net 451,413 35,743
Total Expenses, net 14,208,398 15,208,270
Net loss before income taxes and equity loss 15,787,886 15,480,603
Income tax expense
Equity loss from investment of Accord GR Energy, net of tax 160,426
Net loss and Comprehensive loss $ 15,787,886 $ 15,641,029
Weighted Average Number of Shares Outstanding (in Shares) 114,166,768 64,492,911
Basic and Diluted Loss per Share (in Dollars per share) $ 0.14 $ 0.24