HOUSTON, TX--(Sep 5, 2012) - Chimera Energy Corp (OTCBB: CHMR) disclosed today that Company President Charles Grob will be travelling to France in October in an effort to request consideration of the Company's Non-Hydraulic Extraction system for exception under the country's current shale ban. Last year, the French parliament passed a law outlawing hydraulic fracturing because of concern it can pollute drinking water, effectively halting plans by companies to explore for shale gas in southern France.
Chimera Energy Corp's Non-Hydraulic Extraction system is an unprecedented Shale Oil extraction system designed to safely and economically replace hydraulic fracturing (AKA fracking and fracing) without negative environmental impacts. The new process uses no water and also does not use steam, LPG gel, natural gas or the pumping of anything hot into the well.
Last week, Bloomberg Businessweek reported that the French government plans to keep the ban in effect until clean technologies can replace hydraulic fracturing, according to France's Energy Minister Delphine Batho. The full article may be seen at http://www.businessweek.com/news/2012-08-29/france-to-keep-shale-ban-until-fracking-alternative-emerges
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
Chimera Energy Corp is currently proceeding with efforts to utilize Non-Hydraulic Extraction in Mexico. The Company plans to use the resulting data from Mexico to further proliferate the new technology worldwide.
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 domestic shale oil boom.
More information about Chimera Energy Corp may be found at www.ChimeraEnergyUSA.com
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CHIMERA ENERGY CORP