Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.21.2
Segment Information (Tables)
 3 Months Ended
Nov. 30, 2019
Segment Reporting [Abstract]  
Schedule of oil extraction and processing segment
    November 30, 2019  
    Oil     Mining        
(in ’000s of dollars)   Extraction     Operations     Consolidated  
Additions to non-current assets   $ 1,893     $ -     $ 1,893  
Reportable segment assets     40,918       34,794       75,712  
Reportable segment liabilities   $ 13,113     $ 3,970     $ 17,083  
    November 30, 2018  
    Oil     Mining        
(in ’000s of dollars)   Extraction     Operations     Consolidated  
Additions to non-current assets   $ 4,755     $ -     $ 4,755  
Reportable segment assets     34,105       9,012       43,117  
Reportable segment liabilities   $ 9,011     $ 169     $ 9,180  
Schedule of segment operating results
    November 30, 2019  
(in ’000s of dollars)   Oil Extraction     Mining operations     Consolidated  
                   
Revenues from hydrocarbon sales   $ 101     $ -     $ 101  
Other production and maintenance costs     678       -       678  
Advance royalty payments     -       92       92  
Gross Loss     (577 )     (92 )     (669 )
Expenses                        
Depreciation, depletion and amortization     74       -       74  
Selling, general and administrative expenses     2,379       3       2,382  
Investor relations     24       -       24  
Professional fees     1,026       1       1,027  
Salaries and wages     200       -       200  
Share-based compensation     178       -       178  
Travel and promotional expenses     571       -       571  
Other     380       2       382  
                         
Financing costs, net     509       -       509  
Other income     (416 )     -       (416 )
Gain on settlement of liabilities     (394 )     -       (394 )
Interest income     (22 )     -       (22 )
Derivative liability movements     (35 )     -       (35 )
Net loss   $ 3,088     $ 95     $ 3,183  
    November 30, 2018  
(in ’000s of dollars)   Oil Extraction     Mining operations     Consolidated  
                   
Revenues from hydrocarbon sales   $ -     $ -     $ -  
Advance royalty payments     -       34       34  
Gross Loss     -       (34 )     (34 )
Expenses                        
Depreciation, depletion and amortization     16       -       16  
Selling, general and administrative expenses     3,804       1       3,805  
Professional fees     2,191       -       2,191  
Research and development expenses     112       -       112  
Salaries and wages     237       -       237  
Share-based compensation     229       -       229  
Travel and promotional expenses     844       -       844  
Other     191       1       192  
                         
Financing costs, net     478       -       478  
Other expense (income)     546       -       546  
Loss on settlement of liabilities     493       -       493  
Loss on settlement of convertible debt     79               79  
Interest income     (26 )     -       (26 )
Equity loss from investment of Accord GR Energy, net of tax     50       -       50  
Net loss   $ 4,894     $ 35     $ 4,929