NERCI <NER> UNIT CLOSES OIL/GAS ACQUISITION
Nerco Inc said its oil and gas
unit closed the acquisition of a 47 pct working interest in the
Broussard oil and gas field from <Davis Oil Co> for about 22.5
mln dlrs in cash.
    Nerco said it estimates the field's total proved developed
and undeveloped reserves at 24 billion cubic feet, or
equivalent, of natural gas, which more than doubles the
company's previous reserves.
    The field is located in southern Louisiana.
 Reuter
