Reclamation And Restoration Provisions (Details) - USD ($) |
6 Months Ended | 12 Months Ended | ||
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Feb. 29, 2020 |
Aug. 31, 2015 |
Aug. 31, 2019 |
Aug. 31, 2018 |
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Oil Extraction Facility [Member] | ||||
Reclamation And Restoration Provisions (Details) [Line Items] | ||||
Oil extraction plant lease term | 25 years | |||
Provision for dismantling facility (in Dollars) | $ 350,000 | |||
Reclamation and restoration provisions description | in accordance with the requirements to provide a surety bond to the Utah Division of Oil Gas and Mining in terms of the amendment to the Notice of Intent to Commence Large Mining Operations at an estimated production of 4,000 barrels per day, the Company estimated that the cost of dismantling the oil extraction plant and related equipment would increase to $498,484. The discount rate used in the calculation is estimated to be 2.32% on operations that are expected to commence in September 2021. | |||
Discount rate for provision | 2.00% | 2.00% | ||
Site Restoration [Member] | ||||
Reclamation And Restoration Provisions (Details) [Line Items] | ||||
Oil extraction plant lease term | 25 years | |||
Reclamation and restoration provisions description | in accordance with the requirements to provide a surety bond to the Utah Division of Oil Gas and Mining in terms of the amendment to the Notice of Intent to Commence Large Mining Operations at an estimated production of 4,000 barrels per day, the Company estimated that the cost of restoring the site would increase to $2,472,013. The discount rate used in the calculation is estimated to be 2.32% on operations that are expected to commence in September 2021. | |||
Discount rate for provision | 2.00% | 2.00% | ||
Provision for rehabilitation and restoration costs (in Dollars) | $ 200,000 |
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- Definition Provision for dismantling facility. No definition available.
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