Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment (Tables)

v3.21.2
Property, Plant and Equipment (Tables)
 3 Months Ended
Nov. 30, 2020
Property, Plant and Equipment [Abstract]  
Schedule of property, plant and equipment
    Oil
Extraction
Plant		     Other
Property and
Equipment		     Total  
Cost                        
August 31, 2019   $ 35,555,827     $ 438,168     $ 35,993,995  
Additions     2,072,058       692       2,072,750  
August 31, 2020     37,627,885       438,860       38,066,745  
Additions     4,173,448       -       4,173,448  
November 30, 2020   $ 41,801,333     $ 438,860     $ 42,240,193  
                         
Accumulated Amortization                        
August 31, 2019   $ 2,148,214     $ 232,131     $ 2,380,345  
Additions     -       103,888       103,888  
August 31, 2020     2,148,214       336,019       2,484,233  
Additions     -       11,523       11,523  
November 30, 2020   $ 2,148,214     $ 347,542     $ 2,495,756  
                         
Carrying Amount                        
August 31, 2019   $ 33,407,613     $ 206,037     $ 33,613,650  
August 31, 2020   $ 35,479,671     $ 102,841     $ 35,582,512  
November 30, 2020   $ 39,653,119     $ 91,318     $ 39,744,437