Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment (Tables)

v3.21.1
Property, Plant and Equipment (Tables)
 6 Months Ended
Feb. 28, 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     4,777,648       -       4,777.648  
February 28, 2021   $ 42,405,533     $ 438,860     $ 42,844,393  
                         
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     -       23,045       23,045  
February 28, 2021   $ 2,148,214     $ 359,064     $ 2,507,278  
                         
Carrying Amount                        
August 31, 2019   $ 33,407,613     $ 206,037     $ 33,613,650  
August 31, 2020   $ 35,479,671     $ 102,841     $ 35,582,512  
February 28, 2021   $ 40,253,319     $ 79,796     $ 40,337,115