Property, Plant and Equipment (Details Textual) - USD ($) |
12 Months Ended | ||
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Aug. 31, 2019 |
Aug. 31, 2018 |
Aug. 31, 2017 |
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Property, Plant and Equipment (Textual) | |||
Capitalized borrowing costs | $ 2,190,309 | $ 18,666 | |
Total capitalized borrowing costs | $ 4,421,055 | $ 2,230,746 | |
Planned expansion, description | As a result of the relocation of the plant and the planned expansion of the plant's production capacity to 1,000 barrels per day, and subsequently to an additional 3,000 barrels per day, the Company reevaluated the depreciation policy of the oil extraction plant and the oil extraction technologies (Note 10) and determined that depreciation should be recorded on the basis of the expected production of the completed plant at various capacities. | The Company began the dismantling and relocating the oil extraction facility to its TMC Mineral Lease facility to improve production and logistical efficiencies while continuing its project to increase production capacity to a minimum capacity of 1,000 barrels per day. The plant has been substantially relocated to the TMC mining site and expansion of the plant to production of 1,000 barrels per day has been substantially completed. | |
Reclamation and restoration cost | $ 2,375,159 |
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- Definition Capitalized borrowing costs. No definition available.
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- Definition Total capitalized borrowing costs. No definition available.
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- References No definition available.
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- Definition Current portion of reclamation reserve to restore a mining or drilling site to the condition agreed upon within the mining or drilling contract. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Description of restructuring activities for an acquired entity, including the amount of acquisition costs allocated to restructuring activities, and the period in which such costs will be incurred. The type of major actions that comprise the plan to exit an activity or involuntarily terminate employees of the acquired entity including activities of the acquired entity that will not continue, method of disposition, and description of employee groups that will be terminated. If the entity has not finalized plans for the restructuring activities, a description of the unresolved issues, the types of additional liabilities that might arise, and how any adjustment would be reported in the financial statements. Disclosure may also include timeframe when the registrant began formulating exit plans for which accrual may be necessary, and the types and amounts of liabilities included in the acquisition cost allocation. Disclosure may include the nature and amount of losses relating to asset impairments from the exit or disposal activity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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