Chimera Energy Corp disclosed that meetings with PEMEX in Mexico City are progressing exceedingly well, with an early development being that PEMEX has already identified three Chicontepec Formation wells for use of Chimera's new Non-Hydraulic Shale Oil Extraction system.

The meetings include PEMEX officials, Chimera Energy Corp President Charles Grob, Weis S.A.'s representative and other officials.

The purpose of the meetings is for PEMEX and Chimera Energy Corp to collaborate on utilizing CHMR's revolutionary exothermic Non-Hydraulic Extraction system throughout Latin America, pursuing an initial deal between the two companies that was executed last week.

Tags: Chimera Energy Corp