HOUSTON--(BUSINESS WIRE)--Chimera Energy Corp (OTCBB: CHMR) disclosed today that they have executed a purchase order with America West Drilling Supply regarding an integral component necessary for Non-Hydraulic Extraction that is known as a "casing perforator". In the process of extracting oil from shale, the well casing is first perforated to create new ducts for oil to flow. Chimera Energy Corp is purposely using a type of perforator that is pneumatically operated, excluding any technology for perforation that requires water, ballistics, blasting or any potentially toxic chemicals.
CHMR announced their new Non-Hydraulic Extraction process last week. The process is a revolutionary Shale Oil extraction technology designed to safely replace hydraulic fracturing (AKA fracking and fracing) without negative environmental impacts. The new process uses no water and was 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.
Company management is making plans to publicly display the system in action and is patenting the system that is placed in service after the casing is perforated.
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, high-speed broadband users may visit www.zerowaterfracking.com
Or you may alternatively 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 Halliburton (NYSE: HAL), Schlumberger (NYSE: SLB), EnCana Corporation (NYSE: ECA) and Continental Resources, Inc. (NYSE: CLR).
More information about Chimera Energy Corp may be found at www.ChimeraEnergyUSA.com
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