| Schedule of Acquired and Current Properties |
The Company’s current properties can be summarized
as follows.
| Cost |
|
Canadian properties |
|
|
United States properties |
|
|
Total |
|
| As at January 1, 2018 |
|
$ |
— |
|
|
$ |
14,312,580 |
|
|
$ |
14,312,580 |
|
| Additions |
|
|
1,246,216 |
|
|
|
— |
|
|
|
1,246,216 |
|
| Dispositions |
|
|
— |
|
|
|
(3,962,042 |
) |
|
|
(3,962,042 |
) |
| Asset retirement cost additions |
|
|
1,313,982 |
|
|
|
— |
|
|
|
1,313,982 |
|
| Foreign currency translation |
|
|
(116,451 |
) |
|
|
— |
|
|
|
(116,451 |
) |
| As at December 31, 2018 |
|
$ |
2,443,747 |
|
|
$ |
10,350,538 |
|
|
$ |
12,794,285 |
|
| Foreign currency translation |
|
|
74,013 |
|
|
|
— |
|
|
|
74,013 |
|
| As at September 30, 2019 |
|
$ |
2,517,760 |
|
|
$ |
10,350,538 |
|
|
$ |
12,868,298 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated depletion |
|
|
|
|
|
|
|
|
|
|
|
|
| As at January 1, 2018 |
|
|
— |
|
|
|
1,068,795 |
|
|
|
1,068,795 |
|
| Dispositions |
|
|
— |
|
|
|
(3,340,779 |
) |
|
|
(3,340,779 |
) |
| Impairment of oil and gas properties |
|
|
— |
|
|
|
2,322,255 |
|
|
|
2,322,255 |
|
| Depletion |
|
|
435,722 |
|
|
|
11,280 |
|
|
|
447,002 |
|
| Foreign currency translation |
|
|
(22,065 |
) |
|
|
— |
|
|
|
(22,065 |
) |
| As at December 31, 2018 |
|
$ |
413,657 |
|
|
$ |
61,551 |
|
|
$ |
475,208 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Depletion |
|
|
699,504 |
|
|
|
12,140 |
|
|
|
711,644 |
|
| Foreign currency translation |
|
|
15,225 |
|
|
|
— |
|
|
|
15,225 |
|
| As at September 30, 2019 |
|
$ |
1,128,386 |
|
|
$ |
73,691 |
|
|
$ |
1,202,077 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net book value as at December 31, 2018 |
|
$ |
2,030,090 |
|
|
$ |
10,288,987 |
|
|
$ |
12,319,077 |
|
| Net book value as at September 30, 2019 |
|
$ |
1,389,374 |
|
|
$ |
10,276,847 |
|
|
$ |
11,666,221 |
|
|