Hydraulic Fracking Faces New Political Opposition in the U.S. as Mexico Embraces CHMR's Waterless Alternative
September 17 2012 - 8:20AM
Marketwired
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
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,
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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.
Media Contact: Charles Grob Chimera Energy Corp 832-390-2334
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