Chimera Energy Corp and PEMEX Complete First Collaboration at Chicontepic Basin
October 10 2012 - 8:20AM
Marketwired
Chimera Energy Corp. (OTCBB: CHMR) President Baldemar Rios
disclosed today that the first activities in Poza Rica, Mexico
between the two companies have been completed with very good
results. A picture of meeting attendees is included as part of this
release. The efforts were initiated by earlier invitation by PEMEX
requesting that Chimera Energy Corp personnel meet with PEMEX
representatives at the Central Tajin Area to verify the first wells
for intended use of Non-Hydraulic Shale Oil Extraction. The PEMEX
target wells are located in the Chicontepic Basin. This basin is
considered Mexico's largest certified hydrocarbon reserve, totaling
more than 139 billion barrels of oil (22.1×109 m3).
Chimera Energy Corp's Non-Hydraulic Extraction system is an
unprecedented shale oil extraction system designed to safely and
economically replace hydraulic fracking (AKA fracturing and
fracing) without negative environmental impacts. The new process
uses no water and also does not use radioactive materials, steam,
LPG gel, natural gas or the pumping of anything hot into the
well.
Well data shows that the Chicontepic Basin may be ideal for
Non-Hydraulic Extraction versus hydraulic fracking, even beyond the
environmental positives. A majority of Chicontepic Basin wells show
to have very large pocket reserves off of the main well bore, which
may be easier to open up with the focused pressures designed into
the Non-Hydraulic Extraction system as opposed to regular hydraulic
fracking. The Company plans to use the resulting data from Mexico
to further proliferate the new technology worldwide, including
application to France for exclusion of the process from their
current shale ban.
Non-Hydraulic Extraction has recently emerged to be asserted as
a cheaper and more effective extraction method that does not affect
groundwater at all. Chimera Energy Corp is in the process of
reengineering this new method for mass production, relicensing and
sales. For a description of how Non-Hydraulic Extraction works,
please visit www.zerowaterfracking.com
About Chimera Energy Corp.
Chimera Energy Corp is a Texas corporation listed on the OTCBB
under the trading symbol CHMR. Chimera Energy Corp (CHMR) acquires,
develops, licenses and sells new energy technology and products
that are designed to profit from the current shale energy boom.
More information about Chimera Energy Corp may be found at
www.ChimeraEnergyUSA.com
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
information within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, including statements that include the words
"believes," "expects," "anticipate" or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the company to differ materially
from those expressed or implied by such forward-looking statements.
In addition, description of anyone's past success, either financial
or strategic, is no guarantee of future success. This news release
speaks as of the date first set forth above and the company assumes
no responsibility to update the information included herein for
events occurring after the date hereof.
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Media Contact: Baldemar Rios Chimera Energy Corp
832-390-2334
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