Africa Oil Corp. (TSXV:AOI) reports the company’s financial and operating results for the three months ended March 31, 2011.

The press release is quoted as saying:

The Company completed the acquisition of Centric Energy Corp. (“Centric”), a publicly traded oil and gas company listed on the TSX Venture Exchange. Total consideration paid was valued at $60.2 million and included the issuance of 30,155,524 AOC common shares.

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