SOURCE: Chimera Energy Corporation
HOUSTON, TX--(Marketwire - Sep 11, 2012) - Chimera Energy Corp (OTCBB: CHMR) announced today that Company management has formulated a 90-day schedule for the first deployment of Non-Hydraulic Shale Oil Extraction in the Chicontepic Basin of Mexico. This basin is considered Mexico's largest certified hydrocarbon reserve, totaling more than 139 billion barrels of oil (22.1×109 m3).
Officials with PEMEX delivered drilling logs to CHMR on Saturday in Poza Rica, Mexico for Company use in dialing in specifications for the use of Non-Hydraulic Extraction there. Chimera Energy Corp has shipped equipment to Mexico while oil & gas engineering firm Weis S.A. has been making arrangements for other system components to be assembled in Mexico City.
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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