| Schedule of oil extraction and processing segment |
| |
|
February 29, 2020 |
|
| |
|
Oil |
|
|
Mining |
|
|
|
|
| (in ’000s of dollars) |
|
Extraction |
|
|
Operations |
|
|
Consolidated |
|
| Additions to non-current assets |
|
$ |
2,116 |
|
|
$ |
610 |
|
|
$ |
2,726 |
|
| Reportable segment assets |
|
|
41,123 |
|
|
|
34,025 |
|
|
|
75,148 |
|
| Reportable segment liabilities |
|
$ |
17,636 |
|
|
$ |
1,000 |
|
|
$ |
18,636 |
|
| |
|
February 28, 2019 |
|
| |
|
Oil |
|
|
Mining |
|
|
|
|
| (in ’000s of dollars) |
|
Extraction |
|
|
Operations |
|
|
Consolidated |
|
| Additions to non-current assets |
|
$ |
7,204 |
|
|
$ |
1,800 |
|
|
$ |
9,004 |
|
| Reportable segment assets |
|
|
36,516 |
|
|
|
10,747 |
|
|
|
47,263 |
|
| Reportable segment liabilities |
|
$ |
9,247 |
|
|
$ |
169 |
|
|
$ |
9,416 |
|
|
| Schedule of segment operating results |
| |
|
February 29, 2020 |
|
| (in ’000s of dollars) |
|
Oil
Extraction |
|
|
Mining
operations |
|
|
Consolidated |
|
| |
|
|
|
|
|
|
|
|
|
| Revenues from hydrocarbon sales |
|
$ |
110 |
|
|
$ |
59 |
|
|
$ |
169 |
|
| Other production and maintenance costs |
|
|
1,406 |
|
|
|
- |
|
|
|
1,406 |
|
| Advance royalty payments |
|
|
- |
|
|
|
204 |
|
|
|
204 |
|
| Gross Loss |
|
|
(1,296 |
) |
|
|
(145 |
) |
|
|
1,441 |
) |
| Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation, depletion and amortization |
|
|
86 |
|
|
|
- |
|
|
|
86 |
|
| Selling, general and administrative expenses |
|
|
3,924 |
|
|
|
3 |
|
|
|
3,927 |
|
| Investor relations |
|
|
41 |
|
|
|
- |
|
|
|
41 |
|
| Professional fees |
|
|
1,572 |
|
|
|
1 |
|
|
|
1,573 |
|
| Salaries and wages |
|
|
495 |
|
|
|
- |
|
|
|
495 |
|
| Share-based compensation |
|
|
407 |
|
|
|
- |
|
|
|
407 |
|
| Travel and promotional expenses |
|
|
632 |
|
|
|
- |
|
|
|
632 |
|
| Other |
|
|
777 |
|
|
|
2 |
|
|
|
779 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Financing costs, net |
|
|
989 |
|
|
|
- |
|
|
|
989 |
|
| Other income |
|
|
(707 |
) |
|
|
- |
|
|
|
(707 |
) |
| Loss on settlement of liabilities |
|
|
(428 |
) |
|
|
|
|
|
|
(428 |
) |
| Loss on settlement of convertible debt |
|
|
(232 |
) |
|
|
- |
|
|
|
(232 |
) |
| Interest income |
|
|
(47 |
) |
|
|
- |
|
|
|
(47 |
) |
| Derivative liability movements |
|
|
659 |
|
|
|
- |
|
|
|
659 |
|
| Net loss |
|
$ |
6,247 |
|
|
$ |
148 |
|
|
$ |
6,395 |
|
| |
|
February 28, 2019 |
|
| (in ’000s of dollars) |
|
Oil
Extraction |
|
|
Mining
operations |
|
|
Consolidated |
|
| |
|
|
|
|
|
|
|
|
|
| Revenues from hydrocarbon sales |
|
$ |
21 |
|
|
$ |
- |
|
|
$ |
21 |
|
| Advance royalty payments |
|
|
64 |
|
|
|
107 |
|
|
|
171 |
|
| Gross Loss |
|
|
(43 |
) |
|
|
(107 |
) |
|
|
(150 |
) |
| Operating Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation, depletion and amortization |
|
|
33 |
|
|
|
- |
|
|
|
33 |
|
| Selling, general and administrative expenses |
|
|
6,558 |
|
|
|
13 |
|
|
|
6,571 |
|
| Professional fees |
|
|
3,246 |
|
|
|
- |
|
|
|
3,246 |
|
| Research and development expenses |
|
|
113 |
|
|
|
- |
|
|
|
113 |
|
| Salaries and wages |
|
|
530 |
|
|
|
- |
|
|
|
530 |
|
| Share-based compensation expense |
|
|
611 |
|
|
|
- |
|
|
|
611 |
|
| Travel and promotional expenses |
|
|
1,702 |
|
|
|
- |
|
|
|
1,702 |
|
| Other |
|
|
356 |
|
|
|
13 |
|
|
|
369 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Financing costs, net |
|
|
1,640 |
|
|
|
- |
|
|
|
1,640 |
|
| Loss on settlement of liabilities |
|
|
18 |
|
|
|
- |
|
|
|
18 |
|
| Loss on settlement of convertible debt |
|
|
100 |
|
|
|
- |
|
|
|
100 |
|
| Other income |
|
|
(59 |
) |
|
|
- |
|
|
|
(59 |
) |
| Equity loss from investment of Accord Gr Energy, net of tax |
|
|
100 |
|
|
|
- |
|
|
|
100 |
|
| Net loss |
|
$ |
8,433 |
|
|
$ |
120 |
|
|
$ |
8,553 |
|
|