HOUSTON, TX--(Oct 10, 2012) - 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.
Chimera Energy Corp
Chimera Energy Corp President Baldemar Rios (2nd from left) meeting with Pemex officials Jaime Granados (center), Jose Ceron (2nd from right) and Francisco Rios (right) in Poza Rica.
SOURCE Chimera Energy Corp