Reclamation and Restoration Provisions (Details) - USD ($) |
1 Months Ended | 9 Months Ended | 12 Months Ended | |
|---|---|---|---|---|
Aug. 31, 2015 |
May 31, 2020 |
Aug. 31, 2019 |
Aug. 31, 2018 |
|
| Reclamation and Restoration Provisions (Details) [Line Items] | ||||
| Oil and Gas Reclamation Liability, Noncurrent | $ 2,970,497 | $ 2,970,497 | $ 583,664 | |
| Discount rate for provision | 2.00% | 2.00% | ||
| Oil Extraction Facility [Member] | ||||
| Reclamation and Restoration Provisions (Details) [Line Items] | ||||
| Oil extraction plant lease term | 25 years | |||
| Provision for dismantling facility | $ 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. Because of the long-term nature of the liability, the greatest uncertainties in estimating this provision are the costs that will be incurred and the timing of the dismantling of the oil extraction facility. In particular, the Company has assumed that the oil extraction facility will be dismantled using technology and equipment currently available and that the plant will continue to be economically viable until the end of the lease term. The discount rate used in the calculation of the provision as at August 31, 2019 and 2018 is 2.0%. (b)Site restoration In accordance with environmental laws in the United States, the Company’s environmental permits and the lease agreements, the Company is required to restore contaminated and disturbed land to its original condition before the end of the lease term, which is expected to be in 25 years. During the year ended August 31, 2015, the Company provided $200,000 for this purpose. The site restoration provision represents rehabilitation and restoration costs related to oil extraction sites. This provision has been created based on the Company’s internal estimates. Significant assumptions in estimating the provision include the technology and equipment currently available, future environmental laws and restoration requirements, and future market prices for the necessary restoration works required. During the year ended August 31, 2019, 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. | |||
| Oil and Gas Reclamation Liability, Noncurrent | $ 498,484 | $ 498,484 | $ 371,340 | |
| Site Restoration [Member] | ||||
| Reclamation and Restoration Provisions (Details) [Line Items] | ||||
| Oil extraction plant lease term | 25 years | |||
| Provision for dismantling facility | $ 200,000 | |||
| 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 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. | |||
| Oil and Gas Reclamation Liability, Noncurrent | $ 2,472,013 | $ 2,472,013 | $ 212,324 |