Africa Oil Corp. (TSXV:AOI) reported its 2011 financial and operating results.

As quoted in the press release:

The Company continued to actively explore in East Africa:

In Block 10BB, the Company and its operating partner on the Block, Tullow, prepared for spud of the partnership’s first well, Ngamia-1, which occurred soon after year end, during January 2012.

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