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Gold/Mining/Energy : KERM'S KORNER

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To: SofaSpud who wrote (12352)	9/19/1998 9:02:00 AM
From: Kerm Yerman	Read Replies (1) of 15196

SERVICE SECTOR / Anadime Corp Closes California Acquisition CALGARY, Sept. 17 /CNW/ - Anadime Corporation (TSE: AEM) today announced that it has closed its acquisition of the Class 2 oilfield waste disposal and Class 1 non-hazardous industrial waste disposal assets of privately held Sherman and Weese of Bakersfield, California. Under the terms of the agreement, which was first announced on July 7, 1998, Anadime purchased 80 percent of the Bakersfield assets of Sherman and Weese. The acquisition makes Anadime the single leading provider of oilfield waste processing and disposal services in California, with licensed facilities in Ventura County and Kearn County. Anadime plans to fold the Sherman and Weese assets into its developing US division. Based in Calgary, Anadime Corporation is one of North America's top petroleum waste management companies and is a specialist in the processing of difficult oilfield emulsions and slop oils and the recovery of the associated oil. The company pursues projects where the combination of facility permits and/or technology give it a sustainable competitive advantage.

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