Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.21.2
Segment Information (Tables)
3 Months Ended
Nov. 30, 2019
Segment Reporting [Abstract]
Schedule of oil extraction and processing segment
November 30, 2019
Oil Mining
(in ’000s of dollars) Extraction Operations Consolidated
Additions to non-current assets $ 1,893 $ - $ 1,893
Reportable segment assets 40,918 34,794 75,712
Reportable segment liabilities $ 13,113 $ 3,970 $ 17,083
November 30, 2018
Oil Mining
(in ’000s of dollars) Extraction Operations Consolidated
Additions to non-current assets $ 4,755 $ - $ 4,755
Reportable segment assets 34,105 9,012 43,117
Reportable segment liabilities $ 9,011 $ 169 $ 9,180
Schedule of segment operating results
November 30, 2019
(in ’000s of dollars) Oil Extraction Mining operations Consolidated
Revenues from hydrocarbon sales $ 101 $ - $ 101
Other production and maintenance costs 678 - 678
Advance royalty payments - 92 92
Gross Loss (577 ) (92 ) (669 )
Expenses
Depreciation, depletion and amortization 74 - 74
Selling, general and administrative expenses 2,379 3 2,382
Investor relations 24 - 24
Professional fees 1,026 1 1,027
Salaries and wages 200 - 200
Share-based compensation 178 - 178
Travel and promotional expenses 571 - 571
Other 380 2 382
Financing costs, net 509 - 509
Other income (416 ) - (416 )
Gain on settlement of liabilities (394 ) - (394 )
Interest income (22 ) - (22 )
Derivative liability movements (35 ) - (35 )
Net loss $ 3,088 $ 95 $ 3,183
November 30, 2018
(in ’000s of dollars) Oil Extraction Mining operations Consolidated
Revenues from hydrocarbon sales $ - $ - $ -
Advance royalty payments - 34 34
Gross Loss - (34 ) (34 )
Expenses
Depreciation, depletion and amortization 16 - 16
Selling, general and administrative expenses 3,804 1 3,805
Professional fees 2,191 - 2,191
Research and development expenses 112 - 112
Salaries and wages 237 - 237
Share-based compensation 229 - 229
Travel and promotional expenses 844 - 844
Other 191 1 192
Financing costs, net 478 - 478
Other expense (income) 546 - 546
Loss on settlement of liabilities 493 - 493
Loss on settlement of convertible debt 79 79
Interest income (26 ) - (26 )
Equity loss from investment of Accord GR Energy, net of tax 50 - 50
Net loss $ 4,894 $ 35 $ 4,929