![Art Berman on Twitter: "@bradnews @davidrontal @oilystuffblog @BurggrabenH BOE 15 indicates the value-based conversion of gas to boe. NGLs are valued at 50 bpm & 40% of oil price, & 14% gas Art Berman on Twitter: "@bradnews @davidrontal @oilystuffblog @BurggrabenH BOE 15 indicates the value-based conversion of gas to boe. NGLs are valued at 50 bpm & 40% of oil price, & 14% gas](https://pbs.twimg.com/media/Dv89I2OU8AAPd8-.jpg)
Art Berman on Twitter: "@bradnews @davidrontal @oilystuffblog @BurggrabenH BOE 15 indicates the value-based conversion of gas to boe. NGLs are valued at 50 bpm & 40% of oil price, & 14% gas
![Art Berman on Twitter: "Some asked about boe conversions. Std conversion is 1 bbl NGL=1 boe & 6 mmcfg=1 boe. Value: 1 bbl NGL=0.4 boe & 14 mmcf=1boe (80 bpm NGL & Art Berman on Twitter: "Some asked about boe conversions. Std conversion is 1 bbl NGL=1 boe & 6 mmcfg=1 boe. Value: 1 bbl NGL=0.4 boe & 14 mmcf=1boe (80 bpm NGL &](https://pbs.twimg.com/media/EA-JoQZWkAE6kGq.png)
Art Berman on Twitter: "Some asked about boe conversions. Std conversion is 1 bbl NGL=1 boe & 6 mmcfg=1 boe. Value: 1 bbl NGL=0.4 boe & 14 mmcf=1boe (80 bpm NGL &
![Filed by Automated Filing Services Inc. (604) 609-0244 - TransGlobe Energy Corporation - Exhibit 99.1 Filed by Automated Filing Services Inc. (604) 609-0244 - TransGlobe Energy Corporation - Exhibit 99.1](https://www.sec.gov/Archives/edgar/data/736744/000106299306000851/annualreportx3x1.jpg)