Schedule of Acquired and Current Properties |
The
acquired properties and current properties can be summarized as follows:
Cost |
|
Canadian
properties |
|
|
US
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
book value as at December 31, 2018 |
|
$ |
2,030,090 |
|
|
$ |
10,288,987 |
|
|
$ |
12,319,077 |
|
|