Schedule of Acquired and Current Properties |
The acquired properties and current properties
can be summarized as follows.
Cost |
|
Canadian properties |
|
|
US properties |
|
|
Askari |
|
|
Total |
|
As at January 1, 2018 |
|
$ |
— |
|
|
$ |
14,199,049 |
|
|
$ |
113,531 |
|
|
$ |
14,312,580 |
|
Additions |
|
|
1,246,216 |
|
|
|
— |
|
|
|
— |
|
|
|
1,246,216 |
|
Asset retirement cost additions |
|
|
1,313,982 |
|
|
|
— |
|
|
|
— |
|
|
|
1,313,982 |
|
Foreign currency translation |
|
|
15,238 |
|
|
|
— |
|
|
|
— |
|
|
|
15,238 |
|
As at September 30, 2018 |
|
|
2,575,436 |
|
|
|
14,199,049 |
|
|
|
113,531 |
|
|
|
16,888,016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated depletion |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As at January 1, 2018 |
|
|
— |
|
|
|
1,068,795 |
|
|
|
24,000 |
|
|
|
1,092,795 |
|
Impairment of oil and gas properties |
|
|
— |
|
|
|
2,322,255 |
|
|
|
— |
|
|
|
2,322,255 |
|
Depletion |
|
|
37,404 |
|
|
|
11,280 |
|
|
|
— |
|
|
|
48,684 |
|
Depreciation |
|
|
— |
|
|
|
— |
|
|
|
12,000 |
|
|
|
12,000 |
|
Foreign currency translation |
|
|
357 |
|
|
|
— |
|
|
|
— |
|
|
|
357 |
|
As at September 30, 2018 |
|
$ |
37,761 |
|
|
|
3,402,330 |
|
|
|
36,000 |
|
|
|
3,476,091 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net book value as at September 30, 2018 |
|
$ |
2,537,675 |
|
|
$ |
10,796,719 |
|
|
$ |
77,531 |
|
|
$ |
13,411,925 |
|
|