Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment (Tables)

v3.21.2
Property, Plant and Equipment (Tables)
12 Months Ended
Aug. 31, 2021
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     5,512,715      
-
      5,512,715  
August 31, 2021   $ 43,140,600     $ 438,860     $ 43,579,460  
                         
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    
-
      45,810       45,810  
August 31, 2021   $ 2,148,214     $ 381,829     $ 2,530,043  
                         
Carrying Amount                        
August 31, 2019   $ 33,407,613     $ 206,037     $ 33,613,650  
August 31, 2020   $ 35,479,671     $ 102,841     $ 35,582,512  
August 31, 2021   $ 40,992,386     $ 51,562     $ 41,049,417