SOURCE: Chimera Energy Corporation

August 30, 2012 08:00 ET

CHMR: Press Reports Mexico Friendly to Non-Hydraulic Extraction While U.S. Hydrocarbon Industry Ties to Research Is Questioned

HOUSTON, TX--(Marketwire - Aug 30, 2012) - Chimera Energy Corp (OTCBB: CHMR): United Press International has just reported, in an article titled "Mexico OKs Non-Hydraulic Oil Extraction", that "Hydraulic fracturing remains banned in several countries, including France, and is restricted in parts of the United States." And that "In the United States, controversy has triggered calls for investigations into ties between the hydrocarbons industries and academic institutions conducting research into shale resources. Professors and staff at the State University of New York at Buffalo recently requested further information on the founding and funding of the school's Shale Resources and Society Institute." The full UPI article may be seen here http://www.upi.com/Science_News/Technology/2012/08/28/Mexico-OKs-non-hydraulic-oil-extraction/UPI-36201346185549/#ixzz24shYSEec

Chimera Energy Corp's Non-Hydraulic Extraction system is an unprecedented Shale Oil extraction system designed to safely and economically replace hydraulic fracturing (AKA fracking 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.

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

Some U.S. hydrocarbons industries with financial interests in older hydraulic fracturing methods are perceived rivals to Chimera Energy Corp's new Non-Hydraulic Oil Extraction. As such, Chimera's management is engaging specialized expertise to further safeguard its valuable Intellectual Property.  

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.

Contact Information

  • Media Contact:
    Charles Grob
    Chimera Energy Corp
    832-390-2334