Independent prospective resource assessments for the two leads, which lie in the Talbulag basin, estimated them to hold a combined 171.1 million barrels on a conservative basis.

Wolf has sized up seven leads for the SB Block in the Toson Tolgoi and Talbulag basins, with 1.09 billion barrels.

The company has also announced an increase to its oil resource estimates, thanks to the new leads.

Wolf