Hydraulic Fracking Faces New Political Opposition in the U.S. as Mexico Embraces CHMR's Waterless Alternative
HOUSTON, TX- Sep 17, 2012 - Chimera Energy Corp (OTCBB: CHMR): Justin Wagner, candidate for New York Senate, held a press conference last week with State Senator Tony Avella attending in support to call for a statewide ban on hydraulic fracking. Avella is sponsor of a bill to prohibit the practice in New York. Currently, there is a de facto moratorium on hydraulic fracturing as the state Department of Environmental Conservation studies its effects.
Meanwhile in Mexico -- United Press International has reported that "Mexico OKs Non-Hydraulic Oil Extraction" as Chimera Energy Corp forges ahead with deployment of the new technology on wells 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). The Commissioner of the National Commission of Hydrocarbons of Mexico has also voiced support of CHMR's revolutionary new Non-Hydraulic Shale Oil Extraction system, stating, "This technology can be a game changer for Mexico's oil production." The National Commission of Hydrocarbons is translated as Comision Nacional de Hidrocarburos and known as the CNH. The Commission's website may be seen at www.cnh.gob.mx
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.
Well data shows that the first wells targeted for use of Non-Hydraulic Extraction may be ideal for Non-Hydraulic Extraction versus hydraulic fracking, even beyond the environmental positives. A majority of Chicontepic Basin 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
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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