The block is in a proven and producing region, and covers 23,000 square kilometres, and is one of the first identified petroleum blocks in Mongolia.
The block is in a proven and producing region, and covers 23,000 square kilometres, and is one of the first identified petroleum blocks in Mongolia.
Wolf Petroleum (ASX: WOF) is preparing to divulge an initial oil estimate on the company”s SB Block in Mongolia.

The block is in a proven and producing region, and covers 23,000 square kilometres, and is one of the first identified petroleum blocks in Mongolia.

Around 60%, or 12,000 square kilometres of the block, is interpreted as Cretaceous in age with a high potential for oil source reservoir rocks at depth.

Wolf is looking for farm-in opportunities.

In total Wolf has interests in over 74,000 square kilometres in Mongolia, which equates to over 18 million acres.

The Australian Stock Exchange has granted the company a trading halt today, with its shares placed in pre-open.

The halt will remain in place until the opening of trade on Tuesday 11th March 2014, or earlier if an announcement is made to the market.