The Canadian PressBy Lee-Anne Goodman, The Canadian Press

Former U.S. president Bill Clinton has thrown his support behind TransCanada's Keystone XL pipeline, the controversial project whose ultimate fate is in the hands of his wife.

Clinton, the keynote speaker at the Department of Energy's conference for clean-technology startup companies, wondered aloud on Wednesday why TransCanada didn't originally propose to build the pipeline around the environmentally sensitive Ogallala aquifer in Nebraska.

"One of the most amazing things to me about this Keystone pipeline deal is that they ever filed that route in the first place, since they could have gone around the Nebraska Sand Hills and avoided most of the dangers, no matter how imagined, to the Ogallala with a different route," he said at the event in Maryland.   [ Read the complete Article ]

Passport Energy Ltd. Announces Amendment to Private Placement

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Passport Energy Ltd. (PPO - CNSX),("Passport" or the "Company") is pleased to announce that further to its announcement of January 26, 2012, it has signed a revised letter of intent with Salman Partners Inc. ("Salman Partners") to act as Lead Agent ("Lead Agent") on a "commercial best efforts basis" for a syndicate of agents including National Bank Financial and Haywood Securities Inc. for a private placement comprised of up to $1,400,000 Common Shares and up to $1,200,000 Flow-Through Shares (the "Offering").  The Offering consists of up to 9,333,334 Common Shares at $0.15 per share and up to 7,058,824 Flow Through Shares at $0.17 per share.

TriOil Announces Increase to Bought Deal Equity Financing to $31.7 Million

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TriOil Resources Ltd. ("TriOil" or the "Company") (TSX VENTURE:TOL) is pleased to announce that it has agreed with the Underwriters for its bought-deal financing announced today to increase the size of the offering from 7,043,000 common shares to 8,943,550 common shares at a price of $3.55 per common share for gross proceeds of $31,749,603. The syndicate is led by GMP Securities L.P. and includes Canaccord Genuity Corp., Dundee Securities Ltd., Haywood Securities Inc., and AltaCorp Capital Inc. (collectively the "Underwriters").

Forent Energy Announces Spudding of Onshore Nova Scotia Exploration Well and Closing of $400,000 Private Placement with Participation by W. Brett Wilson

Forent Energy Ltd. (TSX VENTURE:FEN.V - News) ("Forent" or the "Company") is pleased to announce that it initiated drilling of its first exploration well, Alton #1, on February 14th near the town of Stewiacke, Nova Scotia. This is the first of a likely multiple well program on the 500,000 acre Alton Block. As of today the well is drilling ahead at 670 metres towards a target depth of approximately 900 metres. Further information will be press released when available.