SOURCE: Chimera Energy Corporation

September 06, 2012 08:30 ET

Hydraulic Fracking Continues to Face Controversy as CHMR Proceeds With System Designed as Safer Alternative

HOUSTON, TX--(Marketwire - Sep 6, 2012) - Chimera Energy Corp (OTCBB: CHMR): The Cornell Daily Sun reported yesterday that with state and local elections rapidly approaching, Tompkins County, New York politicians remain at odds over one of the most contentious issues in New York State, which is hydraulic fracking. In December 2010, the Tompkins County Legislature voted 14 to one in favor of petitioning New York State for a statewide ban on fracking. While pleased with this step, Martha Robertson, chair of the Tompkins County Legislature, said hydraulic fracking is an issue that extends beyond New York State and deserves federal attention.

"We've made tremendous headway in New York in educating lawmakers," Robertson said. "But there is fracking going on in at least 31 other states. It's a federal issue. Even if we ban it in New York, it's not enough."

The full article may be read at: http://www.cornellsun.com/section/news/content/2012/09/05/tompkins-county-representatives-push-fracking-ban

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.

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

Chimera Energy Corp is currently proceeding with efforts to utilize Non-Hydraulic Extraction in Mexico. The Company plans to use the resulting data from Mexico to further proliferate the new technology worldwide, including in the United States.

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