Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

v2.4.1.9
Discontinued Operations (Tables)
3 Months Ended
Nov. 30, 2014
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement Disclosures [Table Text Block]
 

 

  2014     2013  
 

 

  November 30     November 30  
      $     $  
 

IIncome from discontinued from oil & gas operations

  48,918     66,295  
Schedule of Disposal Groups, Including Discontinued Operations, Balance Sheet Disclosures [Table Text Block]
     

November 30, 2014

   

August 31, 2014

 
   

 

$  

 

$  
 

Oil and gas properties-Proven

  1,400,000     1,400,000  
 

Total Assets

  1,400,000     1,400,000  
 

 

           
 

Liabilities held for sale

  678,193 *     -  
 

Total Liabilities

  678,193     -  
  *$678,193 represents the loan payable which have been paid as at November 30. 2014 through the sale of Belmont Lake by the purchaser before the close of the transaction.