Africa Oil Q3 2011 Financial and Operating Results

Africa Oil Corp. (TSXV:AOI) reported the financial and operating results for the three and nine months ended June 30, 2011.

As quoted in the press release:

Africa Oil ended the quarter in a strong financial position with cash of $118.0 million and working capital of $110.6 million as compared to cash of $76.1 million and working capital of $70.6 million at December 31, 2010.

Africa Oil’s President and CEO, Keith Hill commented:

Africa Oil and joint venture partners made significant operational progress with respect to exploration activities in the first nine months of 2011.

Click here to read the Africa Oil Corp. (TSXV:AOI) press release.