WOLF PETROLEUM POISED TO REVEAL INITIAL OIL ESTIMATE ON SB BLOCK, MONGOLIA

Ulaanbaatar /MONTSAME/ Wolf Petroleum (ASX: WOF) is preparing to divulge an initial oil estimate on the company's SB Block in Mongolia, reported news on the proactiveinvesters.com website, March 11. The block is in a proven and producing region, and covers 23,000 square kilometers, and is one of the first identified petroleum blocks in Mongolia. Around 60%, or 12,000 square kilometers 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 kilometers 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.