PEMEX Executes Go Ahead for Three Wells to use CHMR System Designed to Safely Replace Hydraulic Fracturing

Chimera Energy Corp (OTCBB: CHMR) President Charles Grob announced the receipt of the official signed document from PEMEX to utilize the Company’s new Non-Hydraulic Shale Oil Extraction system on Central Tajin Area wells number 4, 5 and 6 in the Chicontepic Basin of Mexico.

PEMEX has identified three oil wells to use Chimera Energy Corp's new system that is designed to safely replace hydraulic fracturing. (Photo: Business Wire)

“I am elated to have this signed official document physically in my hands from the largest company in all of Latin America. I cannot overstate the significance of this achievement for Chimera Energy Corp. A lot of science, planning and hard work got us to this point. Next week is sure to be a very busy and rewarding week for us,” stated President Grob.

Chimera Energy Corp’s 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 and also does not use steam, LPG gel, natural gas or the pumping of anything hot into the well.

PEMEX, also known as Petroleos Mexicanos, has been working with Chimera Energy Corp to utilize CHMR’s revolutionary exothermic Non-Hydraulic Extraction method throughout Latin America. The Chicontepec Basin is considered Mexico's largest certified hydrocarbon reserve, totaling more than 139 billion barrels of oil (22.1×109 m3).

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.zerowaterfracking.com

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. Chimera Energy Corp operates in an industry sector that includes Chesapeake Energy Corporation (NYSE: CHK), Chevron Corporation (NYSE: CVX), Exxon Mobil Corporation (NYSE: XOM) and ConocoPhillips (NYSE: COP).

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.

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Chimera Energy (CE) (USOTC:CHMR)
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