Mineral Leases (Details) - USD ($) |
1 Months Ended | 12 Months Ended | |||||
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Jun. 01, 2018 |
Aug. 20, 2020 |
Jul. 22, 2019 |
Jul. 22, 2019 |
Jan. 18, 2019 |
Aug. 31, 2020 |
Aug. 31, 2019 |
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Mineral Leases (Details) [Line Items] | |||||||
Payment on lease commencement | $ 25,000 | ||||||
Monthly lease payment | $ 15,000 | ||||||
Percentage of gross sales revenue | 8.00% | ||||||
Percentage of royalty | 5.00% | ||||||
Percentage of gross revenue | 50.00% | ||||||
Stock Issued | $ 92,255 | $ 1,624,130 | $ 3,313,380 | ||||
Stock issued during period, value, acquisitions | 75,000 | ||||||
Petroteq Oil Recovery, LLC mineral lease [Member] | |||||||
Mineral Leases (Details) [Line Items] | |||||||
Advance Royalty Per Acre | $ 10 | ||||||
Percentage of royalties payable | 8.00% | ||||||
Production royalties minimum per barrel | $ 3 | ||||||
BLM Mineral Lease [Member] | |||||||
Mineral Leases (Details) [Line Items] | |||||||
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. | ||||
Cash reserve deposit required and made | $ 13,000,000 | $ 13,000,000 | $ 10,800,000 | $ 3,000,000 | |||
Stock Issued | $ 1,000,000 | $ 1,800,000 | |||||
Stock issued during period, shares, acquisitions (in Shares) | 30,000,000 | 15,000,000 | |||||
Shares issued, price per share (in Dollars per share) | $ 0.40 | $ 0.40 | $ 0.60 | ||||
Stock issued during period, value, acquisitions | $ 12,000,000 | $ 9,000,000 | |||||
Stock issued during period, value not yet paid, acquisitions | $ 100,000 | ||||||
Minimum [Member] | Petroteq Oil Recovery, LLC mineral lease [Member] | |||||||
Mineral Leases (Details) [Line Items] | |||||||
Percentage of royalties payable | 1.00% | ||||||
Maximum [Member] | Petroteq Oil Recovery, LLC mineral lease [Member] | |||||||
Mineral Leases (Details) [Line Items] | |||||||
Percentage of royalties payable | 12.50% |
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- Definition Represents advance royalty per acre. No definition available.
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- References No definition available.
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- Definition Monthly lease payment. No definition available.
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- Definition Amount of payment on lease commencement. No definition available.
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- Definition Percentage of gross revenue No definition available.
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- Definition Percentage of gross sales revenue. No definition available.
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- References No definition available.
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- Definition Percentage of royalty. No definition available.
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- Definition represents production royalties minimum per barrel of produced substance. No definition available.
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- Definition Value of stock not yet paid pursuant to acquisitions during the period. No definition available.
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- Definition Cash deposited in a special reserve account for the exclusive benefit of customers pursuant to SEC Regulations. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition This element represents the description of a lease related indemnification agreement including the nature of the indemnification, the maximum potential amount of future payments the indemnification agreement could be required to make under the agreement, the current carrying amount of the liability and the nature of any recourse provision that would enable the lessee guarantor) to recover from third parties any of the amounts paid under the agreement and any assets held either as collateral or by third parties that upon occurrence of any triggering event or condition under the indemnification agreement the guarantor can obtain and liquidate to recover all or a portion of the amounts paid under the indemnification agreement. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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- Definition Per share or per unit amount of equity securities issued. No definition available.
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- Definition Number of shares of stock issued during the period pursuant to acquisitions. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Value of stock issued pursuant to acquisitions during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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