|By Business Wire||
|August 15, 2012 02:07 PM EDT||
Chimera Energy Corp (OTCBB: CHMR) has announced that Dr. Nestor Martinez Romero, Commissioner of the National Commission of Hydrocarbons of Mexico, has voiced his support of CHMR’s revolutionary new Non-Hydraulic Shale Oil Extraction system.
“This technology can be a game changer for Mexico’s oil production,” Dr. Romero stated. 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
The Non-Hydraulic Extraction system is a revolutionary Shale Oil extraction technology designed to safely and economically replace hydraulic fracturing (AKA fracking and fracing) without negative environmental impacts. The new process uses no water.
Chimera Energy Corp and PEMEX have been in meetings in Mexico city this week to collaborate on utilizing CHMR’s revolutionary exothermic Non-Hydraulic Extraction system throughout Latin America, pursuing an initial deal between the two companies that was executed last week. As a result of these meetings, PEMEX has already identified using the new process on Chicontepec Formation wells. The Chicontepec Formation is considered Mexico's largest certified hydrocarbon reserve, totaling more than 139 billion barrels of oil (22.1×109 m3).
Company President Grob expects to announce several major business developments, once the meetings in Mexico City have concluded.
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 Shale Oil Extraction works, please visit www.chimeraenergyusa.com/investors.html
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. CHMR competes in an industry sector that includes Chesapeake Energy Corporation (NYSE: CHK), Continental Resources, Inc. (NYSE: CLR), Heckmann (NYSE: HEK), Exco (NYSE: XCO) and Xylem (NYSE: XYL).
More information about Chimera Energy Corp may be found at www.ChimeraEnergyUSA.com
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