Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment (Tables)

v3.21.4
Property, Plant and Equipment (Tables)
 3 Months Ended
Nov. 30, 2021
Property, Plant and Equipment [Abstract]  
Schedule of property, plant and equipment
    Oil
Extraction
Plant		     Other
Property and
Equipment		     Total  
Cost                  
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  
Additions    
-
      
-
      
-
  
November 30, 2021   $ 43,140,600     $ 438,860     $ 43,579,460  
                         
Accumulated Amortization                        
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  
Additions    
-
       11,382       11,382  
November 30, 2021   $ 2,148,214     $ 393,211     $ 2,541,425  
                         
Carrying Amount                        
August 31, 2020   $ 35,479,671     $ 102,841     $ 35,582,512  
August 31, 2021   $ 40,992,386     $ 57,031     $ 41,049,417  
November 30, 2021   $ 40,992,386     $ 45,649     $ 41,038,035