HOUSTON--(BUSINESS WIRE)--Chimera Energy Corp (OTCBB: CHMR) President Charles Grob stated today: “Chimera and I are committed to implementing our business model as outlined and described in our filings, on our website and in our press releases.
Recent comments from third parties have apparently contributed to a decline in our stock price over the last few trading sessions. Many of those comments have been made by anonymous bloggers and admitted shorters, and they have likely profited from the decline.
There will always be Naysayers in any new business venture, and we have ours. I and all those associated with Chimera are excited about our prospects and encouraged by our progress. We are moving forward at a deliberate pace!”
President Grob has just returned from fruitful meetings in Mexico City, where PEMEX and Chimera have begun to collaborate on utilizing CHMR’s revolutionary exothermic Non-Hydraulic Extraction system throughout Latin America. 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. As a result of the 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.
President Grob is scheduling to follow up with a meeting in Houston with Dr. Nestor Martinez Romero, Commissioner of the National Commission of Hydrocarbons of Mexico, also known as the CNH. Dr. Romero has already voiced his support for the new technology, saying it could be a “game changer for Mexico’s oil production”.
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. Due to the recent positive developments in Mexico, the Company now expects to utilize their new relationship with Weis S.A. to complete much of this work in Mexico City. President Grob expects to disclose these new developments as they are finalized.
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.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50381688&lang=en