Africa-focused energy company FAR Ltd. said a review of its oil prospects off the coast of Senegal was more promising than initially thought. FAR has nearly 3,000 square miles off the coast of Senegal under license and achieved discoveries already in its FAN and SNE wells. Data from seismic surveys used to get a better understanding of the resource potential offshore Senegal led the company to increase its estimate of undrilled prospective oil barrels by more than 50 percent. “The prospectivity of FAR’s offshore Senegal acreage is extremely exciting,” Managing Director Cath Norman said in a statement . By the company’s estimates, more than 1.5 billion barrels of oil may be in basins off the coast of Senegal. […]