No. of Recommendations: 1
Does anyone have an opinion on this Texas-based energy company?

They apparently have either patents or marketing rights to a new fracing process which does not use water.

They have just signed a Memorandum of Agreement to license the process to PEMEX, Mexico's largest company. News release:

"Chimera Energy Corp announced Thursday that they have executed a Memorandum of Understanding with PEMEX, also known as Petroleos Mexicanos, regarding the utilization of CHMR's revolutionary exothermic Non-Hydraulic Extraction method throughout Latin America. The Non-Hydraulic Extraction method is a revolutionary Shale Oil extraction technology designed to safely and economically replace hydraulic fracturing without negative environmental impacts. The new process uses no water.

PEMEX is the largest company in both Mexico and all of Latin America. Some of the largest concentrations of Shale Oil in the world are located throughout Latin America. The MOU precedes a supplemental encompassing agreement.

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."


Here's a link to a video of the fracing process:

http://www.chimeraenergyusa.com/non-hydraulic-extraction.htm...

On the downside, this is a small and relatively unknown company that seems to be almost a one man show.

John
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