PEMEX Officials Deliver Logging Reports on Target Wells to Chimera Energy Corp. for Use of Non-Hydraulic Extraction
September 10 2012 - 8:20AM
Marketwired
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
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
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: Charles Grob Chimera Energy Corp.
832-390-2334
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