HOUSTON--(BUSINESS WIRE)--Chimera Energy Corp (OTCBB: CHMR): According to CNNMoney yesterday, in an article written by Steve Hargreaves, the current U.S. drought is causing water shortages for the hydraulic fracturing process across the Midwest. This shortage of water, the key ingredient in hydraulic fracturing, is causing scheduled fracturing projects to be cancelled and straining U.S. oil production. CHMR’s new Non-Hydraulic Shale Oil Extraction uses zero water, which means the drought would have no impact on their new process. The full article can be seen at http://money.cnn.com/2012/07/31/news/economy/drought-oil-us/index.htm
CHMR announced on Monday that they have licensed Non-Hydraulic Extraction, which is a shale oil extraction technology that is designed to safely replace hydraulic fracturing (AKA fracking and fracing) without negative environmental impacts.
Originally developed for shale oil extraction in geographic areas that were far too cold to use water due to freezing, 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 has put in place their procedure for engineering this new method for mass production, patenting, licensing and sales. For a description of how Non-Hydraulic Extraction works, high-speed broadband users may visit www.zerowaterfracking.com
All other Internet speed connections may visit www.chimeraenergyusa.com/investors.html
About Chimera Energy Corp (OTCBB: CHMR)
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 Halliburton, Schlumberger, EnCana Corporation and Continental Resources, Inc.
More information on Chimera Energy Corp can be seen at http://www.chimeranergyusa.com
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