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Business Combination (Tables) | 12 Months Ended
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Dec. 31, 2023
CWC Energy Services Corp. [Member] |
Disclosure of detailed information about business combination [line items] |
Summary Of The Allocation Of The Purchase Price | The following table summarizes the allocation of the purchase price:
(Stated in thousands of Canadian dollars) |  |  |  |  |  |  |  |  |
Consideration: |  |  |  |  |  |  |  |  |
Number of shares issued |  |  |  |  |  |  |  |  | 947,807 |
Share price at issuance |  |  |  |  |  |  |  | $ | 79.75 |
Common shares |  |  |  |  |  |  |  | $ | 75,588 |
Cash |  |  |  |  |  |  |  |  | 13,726 |
Total consideration |  |  |  |  |  |  |  | $ | 89,314 |
Allocation of purchase price |  |  |  |  |  |  |  |  |
Cash |  |  |  |  |  |  |  |  | 13,080 |
Accounts receivable |  |  |  |  |  |  |  |  | 41,641 |
Property, plant and equipment |  |  |  |  |  |  |  |  | 140,965 |
Intangibles |  |  |  |  |  |  |  |  | 3,000 |
Right-of-use assets |  |  |  |  |  |  |  |  | 1,466 |
Accounts payable and accrued liabilities |  |  |  |  |  |  |  |  | (22,260 | )
Long-term debt |  |  |  |  |  |  |  |  | (60,387 | )
Lease obligations |  |  |  |  |  |  |  |  | (1,466 | )
Deferred tax liabilities |  |  |  |  |  |  |  |  | (964 | )
Gain on acquisition |  |  |  |  |  |  |  |  | (25,761 | )
Total |  |  |  |  |  |  |  | $ | 89,314 |
High Arctic Energy Services Inc [Member] |
Disclosure of detailed information about business combination [line items] |
Summary Of The Allocation Of The Purchase Price | The following table summarizes the allocation of the purchase price:
(Stated in thousands of Canadian dollars) |  |  |  |  |  |  |  |  |
Cash |  |  |  |  |  |  |  | $ | 10,200 |
Accounts payable and accrued liabilities |  |  |  |  |  |  |  |  | 27,300 |
Fair value of consideration transferred |  |  |  |  |  |  |  | $ | 37,500 |
Acquired Assets |  |  |  |  |  |  |  |  |
Rig equipment |  |  |  |  |  |  |  | $ | 32,796 |
Vehicles |  |  |  |  |  |  |  |  | 900 |
Buildings |  |  |  |  |  |  |  |  | 1,457 |
Land |  |  |  |  |  |  |  |  | 2,347 |
Right-of-use assets |  |  |  |  |  |  |  |  | 6,990 |
Assumed Liabilities |  |  |  |  |  |  |  |  |
Lease obligations |  |  |  |  |  |  |  |  | (6,990 | )
Fair value of Acquired Net Assets |  |  |  |  |  |  |  | $ | 37,500 |

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