Schedule of oil extraction and processing segment |
|
|
August 31, 2020 |
|
|
|
Oil |
|
|
Mining |
|
|
|
|
(in ’000s of dollars) |
|
Extraction |
|
|
Operations |
|
|
Consolidated |
|
Additions to non-current assets |
|
$ |
2,073 |
|
|
$ |
50 |
|
|
$ |
2,123 |
|
Reportable segment assets |
|
|
40,405 |
|
|
|
33,240 |
|
|
|
73,645 |
|
Reportable segment liabilities |
|
$ |
19,416 |
|
|
$ |
100 |
|
|
$ |
19,516 |
|
|
|
August 31, 2019 |
|
|
|
Oil |
|
|
Mining |
|
|
|
|
(in ’000s of dollars) |
|
Extraction |
|
|
Operations |
|
|
Consolidated |
|
Additions to non-current assets |
|
$ |
12,498 |
|
|
|
23,800 |
|
|
|
36,298 |
|
Reportable segment assets |
|
|
36,690 |
|
|
|
36,166 |
|
|
|
72,856 |
|
Reportable segment liabilities |
|
$ |
11,663 |
|
|
|
3,374 |
|
|
|
15,037 |
|
|
Schedule of segment operating results |
|
|
August 31, 2020 |
|
(in ’000s of dollars) |
|
Oil
Extraction |
|
|
Mining operations |
|
|
Consolidated |
|
Revenues from hydrocarbon sales |
|
$ |
291 |
|
|
$ |
- |
|
|
$ |
291 |
|
Other production and maintenance costs |
|
|
(1,714 |
) |
|
|
- |
|
|
|
(1,714 |
) |
Advance royalty payments |
|
|
- |
|
|
|
(988 |
) |
|
|
(988 |
) |
Gross Loss |
|
|
(1,423 |
) |
|
|
(988 |
) |
|
|
(2,411 |
) |
Operating Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation, depletion and amortization |
|
|
104 |
|
|
|
- |
|
|
|
104 |
|
Selling, general and administrative expenses |
|
|
6,180 |
|
|
|
4 |
|
|
|
6,184 |
|
Investor relations |
|
|
(92 |
) |
|
|
- |
|
|
|
(92 |
) |
Professional fees |
|
|
2,613 |
|
|
|
1 |
|
|
|
2,614 |
|
Salaries and wages |
|
|
1,044 |
|
|
|
- |
|
|
|
1,044 |
|
Share-based compensation |
|
|
888 |
|
|
|
- |
|
|
|
888 |
|
Travel and promotional expenses |
|
|
714 |
|
|
|
- |
|
|
|
714 |
|
Other |
|
|
1,013 |
|
|
|
3 |
|
|
|
1,016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financing costs |
|
|
2,672 |
|
|
|
- |
|
|
|
2,672 |
|
Impairment of investments |
|
|
75 |
|
|
|
- |
|
|
|
75 |
|
Other expense (income) |
|
|
746 |
|
|
|
- |
|
|
|
746 |
|
Gain on settlement of liabilities |
|
|
(525 |
) |
|
|
- |
|
|
|
(525 |
) |
Loss on conversion of convertible debt |
|
|
745 |
|
|
|
- |
|
|
|
745 |
|
Gain on debt extinguishment |
|
|
(55 |
) |
|
|
- |
|
|
|
(55 |
) |
Penalty on convertible note |
|
|
610 |
|
|
|
- |
|
|
|
610 |
|
Other income |
|
|
(29 |
) |
|
|
- |
|
|
|
(29 |
) |
Derivative liability movements |
|
|
187 |
|
|
|
- |
|
|
|
187 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss |
|
$ |
11,387 |
|
|
$ |
992 |
|
|
$ |
12,379 |
|
|
|
August 31, 2019 |
|
(in ’000s of dollars) |
|
Oil
Extraction |
|
|
Mining operations |
|
|
Consolidated |
|
Revenues from hydrocarbon sales |
|
$ |
59 |
|
|
$ |
- |
|
|
$ |
59 |
|
Other production and maintenance costs |
|
|
1,347 |
|
|
|
- |
|
|
|
1,347 |
|
Advance royalty payments |
|
|
- |
|
|
|
291 |
|
|
|
291 |
|
Gross Loss |
|
|
(1,288 |
) |
|
|
(291 |
) |
|
|
(1,579 |
) |
Operating Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation, depletion and amortization |
|
|
74 |
|
|
|
- |
|
|
|
74 |
|
Selling, general and administrative expenses |
|
|
11,531 |
|
|
|
13 |
|
|
|
11,544 |
|
Investor relations |
|
|
1,485 |
|
|
|
- |
|
|
|
1,485 |
|
Professional fees |
|
|
6,194 |
|
|
|
- |
|
|
|
6,194 |
|
Research and development expenses |
|
|
113 |
|
|
|
- |
|
|
|
113 |
|
Salaries and wages |
|
|
1,405 |
|
|
|
- |
|
|
|
1,405 |
|
Share-based compensation |
|
|
916 |
|
|
|
- |
|
|
|
916 |
|
Travel and promotional expenses |
|
|
683 |
|
|
|
- |
|
|
|
683 |
|
Other |
|
|
735 |
|
|
|
13 |
|
|
|
748 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financing costs |
|
|
1,225 |
|
|
|
- |
|
|
|
1,225 |
|
Impairment of investments |
|
|
914 |
|
|
|
- |
|
|
|
914 |
|
Other expense (income) |
|
|
452 |
|
|
|
- |
|
|
|
452 |
|
Gain on settlement of liabilities |
|
|
535 |
|
|
|
- |
|
|
|
535 |
|
Interest income |
|
|
(83 |
) |
|
|
- |
|
|
|
(83 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss |
|
$ |
15,484 |
|
|
$ |
304 |
|
|
$ |
15,788 |
|
|