| Schedule of oil extraction and processing segment |
| |
|
August 31, 2019 |
|
| |
|
Oil |
|
|
Mining |
|
|
|
|
| (in ’000s of dollars) |
|
Extraction |
|
|
Operations |
|
|
Consolidated |
|
| Additions to non-current assets |
|
$ |
12,498 |
|
|
|
23,800 |
|
|
|
36,298 |
|
| Reportable segment assets |
|
|
36,690 |
|
|
|
36,166 |
|
|
|
72,856 |
|
| Reportable segment liabilities |
|
$ |
11,663 |
|
|
|
3,374 |
|
|
|
15,037 |
|
| |
|
August 31, 2018 |
|
| |
|
Oil |
|
|
Mining |
|
|
|
|
| (in ’000s of dollars) |
|
Extraction |
|
|
Operations |
|
|
Consolidated |
|
| Additions to non-current assets |
|
$ |
6,353 |
|
|
$ |
534 |
|
|
$ |
6,887 |
|
| Reportable segment assets |
|
|
38,247 |
|
|
|
857 |
|
|
|
39,104 |
|
| Reportable segment liabilities |
|
$ |
6,006 |
|
|
$ |
169 |
|
|
$ |
6,175 |
|
|
| Schedule of segment operating results |
| |
|
August 31, 2019 |
|
| (in ’000s of dollars) |
|
Oil Extraction |
|
|
Mining operations |
|
|
Consolidated |
|
| |
|
|
|
|
|
|
|
|
|
| Revenues from hydrocarbon sales |
|
$ |
59 |
|
|
$ |
- |
|
|
$ |
59 |
|
| Other production and maintenance costs |
|
|
1,347 |
|
|
|
- |
|
|
|
1,347 |
|
| Advance royalty payments |
|
|
- |
|
|
|
291 |
|
|
|
291 |
|
| Gross Loss |
|
|
(1,288 |
) |
|
|
(291 |
) |
|
|
(1,579 |
) |
| Operating Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation, depletion and amortization |
|
|
74 |
|
|
|
- |
|
|
|
74 |
|
| Selling, general and administrative expenses |
|
|
11,531 |
|
|
|
13 |
|
|
|
11,544 |
|
| Investor relations |
|
|
303 |
|
|
|
- |
|
|
|
303 |
|
| Professional fees |
|
|
6,194 |
|
|
|
- |
|
|
|
6,194 |
|
| Public relations |
|
|
1,182 |
|
|
|
- |
|
|
|
1,182 |
|
| Research and development expenses |
|
|
113 |
|
|
|
- |
|
|
|
113 |
|
| Salaries and wages |
|
|
1,405 |
|
|
|
- |
|
|
|
1,405 |
|
| Share-based compensation |
|
|
916 |
|
|
|
- |
|
|
|
916 |
|
| Travel and promotional expenses |
|
|
683 |
|
|
|
- |
|
|
|
683 |
|
| Other |
|
|
735 |
|
|
|
13 |
|
|
|
748 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Financing costs, net |
|
|
1,225 |
|
|
|
- |
|
|
|
1,225 |
|
| Other expense (income) |
|
|
1,366 |
|
|
|
- |
|
|
|
1,366 |
|
| Gain on settlement of liabilities |
|
|
535 |
|
|
|
- |
|
|
|
535 |
|
| Provision against equity investments and investments, net |
|
|
914 |
|
|
|
- |
|
|
|
914 |
|
| Interest income |
|
|
(83 |
) |
|
|
- |
|
|
|
(83 |
) |
| Equity loss in Accord GR Energy |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
$ |
15,484 |
|
|
$ |
304 |
|
|
$ |
15,788 |
|
| |
|
August 31, 2018 |
|
| (in ’000s of dollars) |
|
Oil Extraction |
|
|
Mining operations |
|
|
Consolidated |
|
| |
|
|
|
|
|
|
|
|
|
| Revenues from hydrocarbon sales |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Advance royalty payments |
|
|
- |
|
|
|
272 |
|
|
|
272 |
|
| Gross Loss |
|
|
- |
|
|
|
(272 |
) |
|
|
(272 |
) |
| Operating Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation, depletion and amortization |
|
|
51 |
|
|
|
- |
|
|
|
51 |
|
| Selling, general and administrative expenses |
|
|
14,298 |
|
|
|
12 |
|
|
|
14,310 |
|
| Investor relations |
|
|
2,487 |
|
|
|
- |
|
|
|
2,487 |
|
| Market development |
|
|
45 |
|
|
|
- |
|
|
|
45 |
|
| Professional fees |
|
|
3,481 |
|
|
|
7 |
|
|
|
3,488 |
|
| Public relations |
|
|
921 |
|
|
|
- |
|
|
|
921 |
|
| Research and development expenses |
|
|
120 |
|
|
|
- |
|
|
|
120 |
|
| Salaries and wages |
|
|
511 |
|
|
|
- |
|
|
|
511 |
|
| Share-based compensation |
|
|
5,980 |
|
|
|
- |
|
|
|
5,980 |
|
| Travel and promotional expenses |
|
|
128 |
|
|
|
- |
|
|
|
128 |
|
| Other |
|
|
625 |
|
|
|
5 |
|
|
|
630 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Financing costs, net |
|
|
812 |
|
|
|
- |
|
|
|
812 |
|
| Other expense (income) |
|
|
36 |
|
|
|
- |
|
|
|
36 |
|
| Loss on settlement of liabilities |
|
|
92 |
|
|
|
- |
|
|
|
92 |
|
| Other income |
|
|
(56 |
) |
|
|
- |
|
|
|
(56 |
) |
| Equity loss from investment of Accord GR Energy, net of tax |
|
|
160 |
|
|
|
- |
|
|
|
160 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
$ |
15,357 |
|
|
$ |
284 |
|
|
$ |
15,641 |
|
|