Annual report pursuant to Section 13 and 15(d)

Segment Information (Tables)

v3.21.2
Segment Information (Tables)
12 Months Ended
Aug. 31, 2020
Segment Reporting [Abstract]
Results of Operations for Oil and Gas Producing Activities Disclosure [Table Text Block]
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 Reporting Information, by Segment [Table Text Block]
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