Annual report pursuant to Section 13 and 15(d)

Reclamation and Restoration Provisions (Tables)

v3.21.2
Reclamation and Restoration Provisions (Tables)
12 Months Ended
Aug. 31, 2020
Reclamationand Restoration Provisions [Abstract]
Schedule of reclamation and restoration provisions
Oil
Extraction Site
Facility Restoration Total
Balance at August 31, 2018 $ 371,340 $ 212,324 $ 583,664
Re-evaluation of reclamation and restoration provision 119,716 2,255,443 2,375,159
Accretion expense 7,428 4,246 11,674
Balance at August 31, 2019 498,484 2,472,013 2,970,497
Accretion expense - - -
Balance at August 31, 2020 $ 498,484 $ 2,472,013 $ 2,970,497