HOUSTON, TX -- (Marketwire) -- 08/31/12 -- Chimera Energy Corp (OTCBB: CHMR): The hydrocarbon industry is rampant with stories of the "Big Boys" of hydraulic fracking being involved in controversy that is triggering calls for investigations into ties between the hydrocarbons industries and academic institutions conducting research into shale resources. Professors and staff at the State University of New York at Buffalo recently requested further information on the founding and funding of the school's Shale Resources and Society Institute. It is well known that the hydraulic fracking industry has recently spent fortunes for positive PR and expensive television advertising spots. When such wealth may feel threatened by opposing evidence or new and cleaner technology, one can't help but feel that the halls of established power are stacked against the newcomers. In business, one could see that the status quo of fracking would be compelled to use every bit of their wealth, power and influence at every level in a no holds bar effort to protect their investments, profits and turf.
Now, there may be some well-known and influential help to balance the scales of power in a more transparent and fair way. On Wednesday, a new group called "Artists Against Fracking" went public and began taking active steps yesterday to foil hydraulic fracturing, starting in New York. The new influential group reportedly includes the family of the late John Lennon -- Sean Lennon & Yoko Ono, Paul McCartney and a vast membership of some of the most recognizable names in America. One visit to their website shows how serious they plan to fight the "Big Boys" of hydraulic fracking. The website may be seen at www.ArtistsAgainstFracking.com
Cornell Engineering Professor Anthony Ingraffea, who appeared at the Artists Against Fracking conference, said industry data show one out of 20 wells leak. "No matter what the industry tells you, their own data ... proves conclusively to any reasonable scientist or engineer that it is impossible to design any well so it will never leak," Ingraffea said. "Wells will leak. Wells do leak. The best and the brightest in that industry have been trying to solve that problem for 100 years."
Chimera Energy Corp feels that they have a viable solution to this problem that uses zero water. It is a system called Non-Hydraulic Extraction and can be seen on the Company's website at www.ChimeraEnergyUSA.com
Chimera Energy Corp's Non-Hydraulic Extraction system is an unprecedented Shale Oil extraction system designed to safely and economically replace hydraulic fracturing (AKA fracking 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
Some U.S. hydrocarbons industries with financial interests in older hydraulic fracturing methods are perceived active rivals to Chimera Energy Corp's new Non-Hydraulic Oil Extraction. As such, Chimera's management is engaging specialized expertise to further safeguard its valuable Intellectual Property.
Chimera Energy Corp's management believes that the more that the public is made aware of better alternatives to hydraulic fracking, the better their chances of proliferating their new technology that is designed to safely replace it. Artists Against Fracking may be an unstoppable force to inform the public about the same science that makes the Company feel its Intellectual Property will be the next big thing in Shale Oil extraction
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.
Chimera Energy Corp
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