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Chimera Energy Corp. (CHMR) Purchase Order for Key Component of Revolutionary New...
posted on 8/6/2012 5:36:52 PM | 341 reads | Post #137404
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Chimera Energy Corp. (CHMR) Purchase Order for Key Component of Revolutionary New Non-Pollutive Fracking Alternative Announced
Chimera Energy has a rapidly growing portfolio of energy technology products focused on profiting from the current domestic shale oil boom, like their high quality polycrystalline diamond cutters (largely used in oilfield/geological drill bit manufacturing) and their revolutionary new, all-weather, non-pollutive fracking alternative, for which the company executed a purchase order today with America West Drilling Supply, covering a key component known as the casing perforator.
This non-hydraulic extraction method developed by the company in China can handle extraction in areas too cold for fracking (due to the required water freezing), yet retains a comparable 65% production increase (if not better than fracking in some cases) and does so with zero impact to ground water quality, the major environmental concern in fracking operations. Using extreme heat produced by oxide exothermic reactions and ultra expansive evaporates, the same seam-splitting capabilities delivered by established fracking technologies is now possible without all the toxic chemicals (many of which are carcinogens) that eventually can end up in the water table.
The actual process works a lot like an ultra high-temp pressure cooker and the pumice-like material then acts as a kind of stent, keeping the fissures open for flow. The casing perforator is an essential part of the overall system and as CHMR moves towards a public showcasing of the new technology, as well as mass production, relicensing, and eventual sales, the system placed into service using the announced perforator will serve to springboard that patenting process handsomely. Chimera has an insanely powerful system here that could transform the face of the global shale boom and investors are paying close attention as the company is clearly in a position to shave a considerable slice off the huge pie currently dominated by other sector operators like Halliburton and Schlumberger.
It shouldn’t be hard to take a big slice either; this technology has the potential to deliver the same productivity while alleviating the growing concern from the public and governments about drinking water contamination linked to hydraulic fracturing. The technology will give early adopters a considerable momentum advantage on the permitting side and immediate logistical advantage due to improved efficiency.
Chimera has taken care to select a specific perforator for the system which, because it is pneumatically operated and does not require water or toxic chemicals to perform (in addition to blasting or ballistics), accentuates the already environmentally friendly design quite well. As one of the fundamental pieces falls into place for the CHMR design, shareholders and management alike are growing increasingly excited about the true commercialization potential of the system, as an eager market which is in full swing is practically aching for just this kind of solution. Non-hydraulic extraction is cheaper, cleaner, and can even be more effective than fracking, thus the clamor from operators, especially those in cold climates where the technology is like a godsend, will be significant.
For more information on this revolutionary new fracking alternative, or to stay up to date with the latest developments regarding the system, please visit the Chimera Energy Corp. website at:
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Pacific North West Capital Corp.
Pacific North West Capital Corp. (TSX: PFN; OTCQX: PAWEF; Frankfurt: P7J)
is a mineral exploration company focused on the discovery, exploration and development of PGM and nickel-copper sulphide deposits in geologically prospective regions in North America, particularly Canada. The Company's key asset is its 100% owned River Valley PGM Project in the Sudbury region of northern Ontario. The River Valley Project is one of North America's most advanced primary PGM deposits...
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