Subsequent Event

6 Months Ended

Mar. 31, 2019

Subsequent Events [Abstract]

Subsequent Event

12. Subsequent Event

As of March 31, 2019, the Company’s oil sands acreage covered 36,689 gross acres (28,814 net acres) of land under nine oil sands leases with working interests ranging from 25% to 100%. Subsequently, in mid-April 2019, Alberta Energy completed their review and final approval of one section within one of the Company’s continuation applications, which received approval to continue another 633 gross acres (569 net acres), in addition to what Alberta Energy previously granted continuation of on one of the Company’s continuation applications to retain 3 out of 4 sections. The Company’s oil sands acreage now covers 37,322 gross acres (29,383 net acres). Continued leases have no future expiry dates but are subject to yearly escalating rental payments until they are deemed to be producing leases. For further information see Note 3 “Oil and Gas Properties” included herein.