RE:RE:Jeff’s thoughts on hedging 2014 Hedging Program Update. -- Natural Gas. Birchcliff has contracted forward physical sales of 50,000 GJ'S per day, representing approximately 30% of its estimated gas volumes during the summer months, April 1 - October 31, 2014, for approximately $4.20 per Mcf. -- Oil. Birchcliff has purchased WTI put options for 1,000 barrels per day of crude oil for the calendar year 2014, comprised of 500 barrels per day with a strike price of US $90 and 500 barrels per day with a strike price of US $85.