Australian energy company FAR Ltd. says its reserve estimate for an oil field offshore Senegal keeps increasing. File Photo by A.J. Sisco/UPI MELBOURNE, Aug. 23 (UPI) — Further analysis of an oil field offshore Senegal confirms it may be an elephant, one with more than 100 million barrels of oil, Africa-focused FAR Ltd. said. “FAR has delivered another remarkable independently audited SNE resource upgrade and we look forward to providing investors with a future statement on FAR’s view of the commerciality of the SNE oil field, update on our prospective resources, and the resumption of drilling offshore Senegal in the second half of 2016,” Managing Director Cath Norman said in a statement. “SNE is a world-class oil field that is truly worthy of the ‘elephant’ title.” The company estimated the field covers about 135 square miles offshore Senegal. Third party assessment of the reserve potential conducted after the drilling […]