PEMEX Schedules Chimera Energy Corp Onsite Verification of Chicontepic Wells for End of Month
September 20 2012 - 8:20AM
Marketwired
Chimera Energy Corp (OTCBB: CHMR) announces receipt of the schedule
from PEMEX requesting that Chimera Energy Corp personnel be onsite
with PEMEX representatives at the Central Tajin Area to verify the
first wells for intended use of Non-Hydraulic Shale Oil Extraction.
The request states the last week of this month for the onsite
activity in Chicontepic Tajin, Veracruz.
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. 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 received from PEMEX shows that the first wells
targeted for deployment 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,
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.
Media Contact: Charles Grob Chimera Energy Corp 832-390-2334
Chimera Energy (CE) (USOTC:CHMR)
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