Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment (Details Textual)

v3.20.1
Property, Plant and Equipment (Details Textual) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Feb. 29, 2020
Feb. 29, 2020
Aug. 31, 2019
Aug. 31, 2017
Property, Plant and Equipment (Textual)        
Capitalized borrowing costs   $ 0 $ 2,190,309  
Total capitalized borrowing costs $ 4,421,055   $ 4,421,055  
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.   he 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 relocated to the TMC mining site and expansion of the plant to production of 1,000 barrels per day has been substantially completed.