Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT (Tables)

v3.20.1
PROPERTY, PLANT AND EQUIPMENT (Tables)
6 Months Ended
Feb. 29, 2020
Property, Plant and Equipment [Abstract]  
Schedule of property, plant and equipment
    Oil
Extraction
Plant
    Other
Property and
Equipment
    Total  
Cost                  

August 31, 2018

  $ 23,101,035     $ 394,555     $ 23,495,590  
Additions     12,454,792       43,613       12,498,405  
August 31, 2019     35,555,827       438,168       35,993,995  
Additions     2,110,792       5,692       2,116,484  
February 29, 2020   $ 37,666,619     $ 443,860     $ 38,110,479  
                         
Accumulated Amortization                        
August 31, 2018   $ 2,148,214     $ 158,481     $ 2,306,695  
Additions           73,650       73,650  
August 31, 2019     2,148,214       232,131       2,380,345  
Additions           85,842       85,842  
February 29, 2020   $ 2,148,214     $ 317,973     $ 2,466,187  
                         
Carrying Amount                        
August 31, 2018   $ 20,952,821     $ 236,074     $ 21,188,895  
August 31, 2019   $ 33,407,613     $ 206,037     $ 33,613,650  
February 29, 2020   $ 35,518,405     $ 125,887     $ 35,644,292