Quarterly report pursuant to Section 13 or 15(d)

Reclamation and Restoration Provisions (Tables)

v3.21.2
Reclamation and Restoration Provisions (Tables)
3 Months Ended
Nov. 30, 2019
Reclamationand Restoration Provisions [Abstract]  
Schedule of reclamation and restoration provisions
    Oil              
    Extraction     Site        
    Facility     Restoration     Total  
Balance at August 31, 2018   $ 371,340     $ 212,324     $ 583,664  
Accretion expense     7,428       4,246       11,674  
Reevaluation of reclamation and restoration provision     119,716       2,255,443       2,375,159  
Balance at August 31, 2019     498,484       2,472,013       2,970,497  
Accretion expense     -       -       -  
Balance at November 30, 2019   $ 498,484     $ 2,472,013     $ 2,970,497