Annual report pursuant to Section 13 and 15(d)

General Information (Details)

v3.21.2
General Information (Details)
1 Months Ended 12 Months Ended 18 Months Ended
Jul. 22, 2019
USD ($)
Jul. 22, 2019
USD ($)
$ / shares
shares
Jan. 18, 2019
USD ($)
$ / shares
shares
Aug. 31, 2020
USD ($)
Aug. 31, 2020
USD ($)
Jun. 01, 2018
General Information (Details) [Line Items]            
Area of land (in Square Meters) | m²           1,312
Lease term, description       In terms of a letter agreement dated April 17, 2020 between the transferor of the oil and gas leases and TMC, as transferee, due to uncertainty as to whether all of the 10 leases which the Company had initially paid deposits for are available, an adjustment to the purchase price has been agreed upon as follows: (i) should all 10 of the leases be available, the Company will pay the additional $1,093,000 for the rights under the leases; (ii) if only a portion of the leases ranging from 4 to 9 of the leases are available, the Company will adjust the final purchase price of the leases to between $1.5 million and $2.5 million; and (iii) notwithstanding the above, if after a period of 7 years from April 17, 2020, if at least six of the leases are not available to the Company, then the Company may demand a refund of $1.2 million or instruct the Seller to acquire other leases in the same area for up to $1.2 million.    
BLM Mineral Lease [Member]            
General Information (Details) [Line Items]            
Leases description     the Company paid $10,800,000 for the acquisition of 50% of the operating rights under U.S. federal oil and gas leases, administered by the U.S. Department of Interior’s Bureau of Land Management (“BLM”) covering approximately 5,960 gross acres (2,980 net acres) within the State of Utah.      
Cash reserve deposit required and made $ 13,000,000 $ 13,000,000 $ 10,800,000 $ 3,000,000 $ 3,000,000  
Stock issued   $ 1,000,000 $ 1,800,000   1,907,000  
Issuance of shares (in Shares) | shares   30,000,000 15,000,000      
Issue price (in Dollars per share) | $ / shares   $ 0.40 $ 0.60      
Operating leases, indemnification agreements, description On July 22, 2019, the Company acquired the remaining 50% of the operating rights under U.S. federal oil and gas leases, administered by the BLM covering approximately 5,960 gross acres (2,980 net acres) within the State of Utah, for a total consideration of $13,000,000 settled by the issuance of 30,000,000 shares at an issue price of $0.40 per share, amounting to $12,000,000 and cash of $1,000,000, of which $100,000 has not been paid to date. On July 22, 2019, the Company acquired the remaining 50% of the operating rights under U.S. federal oil and gas leases, administered by the BLM covering approximately 5,960 gross acres (2,980 net acres) within the State of Utah for a total consideration of $13,000,000 settled by the issuance of 30,000,000 shares at an issue price of $0.40 per share, and cash of $1,000,000, which has not been paid to date. On January 18, 2019, the Company paid $10,800,000 for the acquisition of 50% of the operating rights under U.S. federal oil and gas leases, administered by the U.S. Department of Interior’s Bureau of Land Management (“BLM”) covering approximately 5,960 gross acres (2,980 net acres) within the State of Utah.      
Outstanding balance form total consideration         $ 1,093,000  
Petrobloq LLC [Member]            
General Information (Details) [Line Items]            
Interest acquisition percentage           100.00%
Series of Individually Immaterial Business Acquisitions [Member] | BLM Mineral Lease [Member]            
General Information (Details) [Line Items]            
Acquisition of operating rights, description         Between March 14, 2019 and August 31, 2020, the Company made cash deposits of $1,907,000 (acting through its wholly owned subsidiary, TMC Capital LLC (“TMC”), included in prepaid expenses and other current assets on the consolidated balance sheets for the acquisition of 100% of the operating rights under U.S. federal oil and gas leases, administered by the U.S. department of Interiors’ Bureau of Land Management in Garfield and Wayne Counties covering approximately 8,480 gross acres in P.R. Springs and the Tar Sands Triangle within the State of Utah.