Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment (Tables)

v3.21.2
Property, Plant and Equipment (Tables)
 9 Months Ended
May 31, 2020
Property, Plant and Equipment [Abstract]  
Schedule of property, plant and equipment
    Oil
Extraction
Plant		     Other
Property and
Equipment		     Total  
Cost                        
August 31, 2018   $ 23,101,035     $ 394,555     $ 23,495,590  
Additions     12,454,792       43,613       12,498,405  
August 31, 2019     35,555,827       438,168       35,993,995  
Additions     2,146,085       5,692       2,151,777  
May 31, 2020   $ 37,701,912     $ 443,860     $ 38,145,772  
                         
Accumulated Amortization                        
August 31, 2018   $ 2,148,214     $ 158,481     $ 2,306,695  
Additions     -       73,650       73,650  
August 31, 2019     2,148,214       232,131       2,380,345  
Additions     -       97,365       97,365  
May 31, 2020   $ 2,148,214     $ 329,496     $ 2,477,710  
                         
Carrying Amount                        
August 31, 2018   $ 20,952,821     $ 236,074     $ 21,188,895  
August 31, 2019   $ 33,407,613     $ 206,037     $ 33,613,650  
May 31, 2020   $ 35,536,698     $ 114,364     $ 35,668,062