PEMEX Officials Deliver Logging Reports on Target Wells to Chimera Energy Corp. for Use of Non-Hydraulic Extraction
HOUSTON, TX - Sep 10, 2012 - Chimera Energy Corp. (OTCBB: CHMR) announced today that officials with PEMEX delivered well data and logging reports to CHMR on Saturday in Poza Rica, Mexico for Company use in dialing in specifications for the use of Non-Hydraulic Extraction there. PEMEX and Chimera Energy Corp. executed a Memorandum of Understanding last month regarding the utilization of CHMR's revolutionary exothermic Non-Hydraulic Extraction method throughout Latin America. PEMEX, also known as Petroleos Mexicanos, is the largest company in both Mexico and all of Latin America. Some of the largest concentrations of Shale Oil in the world are located throughout Latin America.
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 steam, LPG gel, natural gas or the pumping of anything hot into the well.
Initial meetings and resultant well data show that the first wells targeted for use of Non-Hydraulic Extraction are located in the Chicontepic Basin of Mexico and may be ideal for Non-Hydraulic Extraction versus hydraulic fracking -- even beyond the environmental positives. This basin is considered Mexico's largest certified hydrocarbon reserve, totaling more than 139 billion barrels of oil (22.1×109 m3). Many of the wells show to have extremely 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.
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
PEMEX Exploration and Production Well Report Header (above)
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.