Annual report pursuant to Section 13 and 15(d)

Segment Information (Tables)

v3.21.2
Segment Information (Tables)
12 Months Ended
Aug. 31, 2020
Segment Reporting [Abstract]  
Results of Operations for Oil and Gas Producing Activities Disclosure [Table Text Block]
    August 31, 2020  
    Oil     Mining        
(in ’000s of dollars)   Extraction     Operations     Consolidated  
Additions to non-current assets   $ 2,073     $ 50     $ 2,123  
Reportable segment assets     40,405       33,240       73,645  
Reportable segment liabilities   $ 19,416     $ 100     $ 19,516  
    August 31, 2019  
    Oil     Mining        
(in ’000s of dollars)   Extraction     Operations     Consolidated  
Additions to non-current assets   $ 12,498       23,800       36,298  
Reportable segment assets     36,690       36,166       72,856  
Reportable segment liabilities   $ 11,663       3,374       15,037  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
    August 31, 2020  
(in ’000s of dollars)   Oil
Extraction
    Mining operations     Consolidated  
Revenues from hydrocarbon sales   $ 291     $ -     $ 291  
Other production and maintenance costs     (1,714 )     -       (1,714 )
Advance royalty payments     -       (988 )     (988 )
Gross Loss     (1,423 )     (988 )     (2,411 )
Operating Expenses                        
Depreciation, depletion and amortization     104       -       104  
Selling, general and administrative expenses     6,180       4       6,184  
Investor relations     (92 )     -       (92 )
Professional fees     2,613       1       2,614  
Salaries and wages     1,044       -       1,044  
Share-based compensation     888       -       888  
Travel and promotional expenses     714       -       714  
Other     1,013       3       1,016  
                         
Financing costs     2,672       -       2,672  
Impairment of investments     75       -       75  
Other expense (income)     746       -       746  
Gain on settlement of liabilities     (525 )     -       (525 )
Loss on conversion of convertible debt     745       -       745  
Gain on debt extinguishment     (55 )     -       (55 )
Penalty on convertible note     610       -       610  
Other income     (29 )     -       (29 )
Derivative liability movements     187       -       187  
                         
Net loss   $ 11,387     $ 992     $ 12,379  
    August 31, 2019  
(in ’000s of dollars)   Oil
Extraction
    Mining operations     Consolidated  
Revenues from hydrocarbon sales   $ 59     $ -     $ 59  
Other production and maintenance costs     1,347       -       1,347  
Advance royalty payments     -       291       291  
Gross Loss     (1,288 )     (291 )     (1,579 )
Operating Expenses                        
Depreciation, depletion and amortization     74       -       74  
Selling, general and administrative expenses     11,531       13       11,544  
Investor relations     1,485       -       1,485  
Professional fees     6,194       -       6,194  
Research and development expenses     113       -       113  
Salaries and wages     1,405       -       1,405  
Share-based compensation     916       -       916  
Travel and promotional expenses     683       -       683  
Other     735       13       748  
                         
Financing costs     1,225       -       1,225  
Impairment of investments     914       -       914  
Other expense (income)     452       -       452  
Gain on settlement of liabilities     535       -       535  
Interest income     (83 )     -       (83 )
                         
Net loss   $ 15,484     $ 304     $ 15,788