Mongolian oil explorer Wolf Petroleum Limited (ASX: WOF) is very pleased to announce that 450 km of 2D seismic data has been successfully acquired on the highly prospective “Tal Bulag” and “Toson Tolgoi“ (Figure 1)sub basins of the Company’s 100% owned block. Seismic data processing and interpretation is already well underway.
The seismic data is being processed by WesternGeco and Sterling Seismic Servic-es in the US, and interpretation is being completed by Wolf Petroleum’s technical consulting group MHA Petroleum Consultants in Denver, Colorado, USA.
MHA Petroleum Consultants has 30 years of industry experience from pre discovery of onshore oil fields to production and has been working with Wolf Petroleum in Mongolia since 2011.
Interpretation of seismic data is expected to be completed in the fourth quarter of 2013 to allow for the targeting of drilling locations for exploration wells to be drilled in 2014.
The SB block is one of the first identified petroleum exploration blocks in Mongolia and is located in a proven and producing region of Eastern Mongolia.
SB block is 23,000 km2in size with approximately 60% or 12,000 km2of the block being interpreted as Cretaceous in age with a high potential for oil source reservoir rocks at depth.
Geological and geophysical programmes, alongside HI-RES remote sensing programmes, have identified the largest sub basin within the SB Block, Toson Tolgoi (3,500 km2), as having a high potential to be one of the principle petroleum source kitchens of Eastern Mongolia.
Source: Wolf Petroleum LimitedAny source
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