Blog & News

PESGB Meeting Report – Cumberland Lake District Regional Group

Mon 17 December 2018

Category: Branches, Community, Geology, Reviews

Seven members and one engineer guest met at the Butchers Arms, Crosby Ravensworth in Westmorland. This is a village-owned pub and ten minutes from each of M6 junctions 38 and 39. The pub had allegedly been opened by David Cameron during his ‘Big Society‘ days. Brexit – with or without photographs was not discussed!

Jonathan Redfern presented drone mapping of the Yorkshire deltaics on the foreshore and cliffs at Whitby, North Yorkshire. This forms a useful analogue for North Sea Jurassic reservoirs, and detailed field relationships can be ascertained from the bird’s eye view. Images can be patched and integrated into digital mapping software. New palaeogeographic maps and regional seismic across the Moray Firth and Northern England were shown by Dave Boote, demonstrating the fact that the Jurassic (and the Chalk) was more extensive across Northern Britain than existing palaeogeographic maps suggest.

Dave Bodecott presented analysis of recent oil price changes and analysts’ predictions – both failed and successful. Oil price has declined from 86 to 60 USD in the past two months and appears to be heading in one direction for many reasons. Analysts have sub-40 to 140 USD ranges in their predictions. Supply-demand and politics are the main influences on price as always. Highly unpredictable for all.

Next meeting likely to be near Easter, when the results of our oil price competition will be judged based on Brexit Day closing price March 29th. Second part of our competition is for price on Nov. 30th 2019.

Images from the meeting:

 

Attendees and location

 

 

Yorkshire Jurassic

 

 

Recent oil price change from Gaffney-Cline Monitor Nov 30 2018.

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