SureTrader
Cannabis Stocks News
Interactive Brokers Advertisement
Home > Boards > US OTC > Miscellaneous >

Elite Group Inc. (ELTZ)

ELTZ RSS Feed
Add ELTZ Price Alert      Hide Sticky   Hide Intro
Moderator: GREGG THE GREEK, marknet, Cheds, $Pistol Pete$, DD_dempsey, thesellerbuyer
Search This Board: 
Last Post: 9/19/2017 11:17:11 AM - Followers: 224 - Board type: Free - Posts Today: 25

 
ELITE GROUP (ELTZ) Oil & Gas sector
Elite Group Incorporated a publicly traded company under the 
symbol ELTZ. 
Specializing in the Acquisition of Assets relating to 
Oil Field Water used in upstream Oil & Gas.
 
 
 

ELTZ Up Date Share Structure Aug 16, 2017 
Float 139,097,753 
Authorized Shares 999,000,000 
Outstanding Shares 161,612,753 
 
Executive Summary 

Elite Group, Inc. is a Nevada corporation established to acquire water properties for the oilfield service sector. ELITE Group, Inc. specializes in the acquisition of assets relating to the management of oilfield water used in upstream oil and gas operations. Management's objective is to acquire and consolidate water processing assets in prolific oil and gas exploration areas (Primarily in the Eagle Ford and in the Permian Basin). Management believes it will accomplish its goal to maximize shareholder value through strategic acquisitions, effective business model design and economies of scale to a fragmented industry. ELITE Group, Inc. will control the entire process from wellhead to the final destination and use the most environmental friendly practices in all aspects of our operations to protect and conserve the environment for future generations. In addition, ELITE Group, Inc. has established a subsidiary to acquire non-oil related income producing companies. 



ELITE SWD 

ELITE SWD is a salt water disposal property located in Carrizo Springs, which is in Dimmit County, Texas. It is centrally located in the middle of numerous producing oil wells and oil wells that have yet been fractured. ELITE SWD is currently servicing 25 to 35 truckloads per day of disposable water, and it’s currently averaging a net income of $35,000.00 per month. ELITE SWD has current operation expenses that are higher than normal due to several factors that we will upgrade beginning in March. This SWD well has been operating on a rented compressor instead of electricity, which results in the excessive monthly rental and fuel cost of $35,000 per month. A permit has been issued for an electrical hookup and after we upgrade the property we will save over $25,000 per month. We will be installing new tanks and separators that will double the skim oil production, and we will also be automating the disposal system which will alleviate the need of four of the current employees. A new wellhead pressure permit has been issued by the Texas Railroad Commission and that permit will enable the well to accept an additional 3500 barrels of water per day. Also, in addition to our current clientele we have acquired a take or pay contract with a major producer of over 3000 barrels per day. That take or pay contract, for this SWD, will result in additional yearly revenue of $750,000. 


Management:
Terrence A. Tecco (CEO)
Marc Sharinn Esquire 



ELTZ UPDATES, ACQUISITIONS, News and Filings 

http://www.elitegroupenergy.com 

Twitter:@eltzotc https://twitter.com/eltzotc 

Investor Relations: The Olibri Group 
http://www.olibrigroup.com 
Contact Info: 813-438-5225
info@olibrigroup.com


Principal executive office located at 4760 Preston Road, #244-114, Frisco, Texas, 75,034
(469) 777-3370


ELTZ News and Filings 

http://www.otcmarkets.com/stock/ELTZ/quote 


Acquisitions 

BullsEye Services- letter of intent and purchase agreement have been signed to purchase 100 percent of the company for $350,000 increasing shareholder equity without increasing the outstanding shares. 
http://bullseye-services.com 


Purchase Agreement for 75% working interest in a 2 well package in the Permain Basin of Texas. The company has arranged for $200,000 in debt financing for this acquisition, increasing shareholder equity without increasing the outstanding shares. Initial production of these wells is estimated at 20 barrels per day plus 350-400 MCFD, indicating a payout of approximately 12 months. 

Other Acquisitions ELTZ The Company is currently working on 

Wiley Lease LLC 

Consists of 24/7 trucking operations with 4 active salt water disposal sites and services customers in Atascosa and McMullen counties in Texas with revenues of $35 million in 2015 
Wiley Lease LLC business includes: 

3 disposal sites in (4 wells) in Atascosa county and 1 disposal site in McMullen County. 
55 trucks and 53 trailers 
Additional permit in Atascosa County for a new facility. 
Roustabout service for on sight field operations providing manpower, materials and equipment. 
45% ownership in reclamation plant located on Gossett Lease. 

Wiley Lease LLC generates revenue from a variety of activities which include a trucking fee; the customer pays a fee to transport saltwater from the wellhead to the disposal site. A disposal fee; the producer pays a fee to dispose of the saltwater into a SWD. Oil skim; crude oil entrained in the saltwater is skimmed at the disposal well, separated and sold at the prevailing crude price. The company typically prefers to negotiate a rate with the customer that includes both trucking and disposal services, but also has the ability to charge for only trucking or only disposal if desired. Offering both transportation and disposal is a competitive advantage in the marketplace because the customer prefers a one stop shop solution. 

Burks 624 SWD 
Elite is acquiring the Burks SWD in La Salle County. The well, which is permitted for 4500 per day, began accepting trucks May 1, 2016. Expected monthly revenues are approximately $50,000 

YO Ranch SWD 
Elite has signed a letter of intent to purchase YO Ranch SWD, and is located in Live Oak County, Texas. The YO Ranch SWD property includes a salt water disposal well, which has a permit for 25,000 barrels per day. The property includes a 4000 foot deep Carrizo fresh water well with a capacity of 43,000 barrels per day. The site also includes a lined pit, with a capacity of 56,000 barrels and a solids recycling center along with a truck washout station. 
One of the key points to ELITE wanting to acquire this property is that there are very few solid recycling sites in this area of Texas. So, that will enable us to provide this high demand recycling service, and we will be able to facilitate any clientele within a 90 mile radius. 
Elite SWD 

Is a saltwater disposal site located in Dimmit County, Texas. It is currently servicing 25 to 35 truckloads a day of disposable water and is currently averaging a net income of $35,000 per month. The site has currently been operating on a generator that costs $35,000 dollars per month but a permit has been has been issued for electrical hook up which will save $25,000 per month. In addition to the current clientele Elite has acquired a take or pay contract with a major producer of over 3000 barrels per day. That take or pay contract, for this SWD, will result in additional yearly revenue of $750,000. 


$ELTZ - forming a nice strong base on the daily chart


SureTrader
Cannabis Stocks News
Interactive Brokers Advertisement
ELTZ
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
ELTZ News: Annual Report (10-k) 08/18/2017 04:01:06 PM
ELTZ News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 08/14/2017 03:53:06 PM
ELTZ News: Current Report Filing (8-k) 07/19/2017 04:04:35 PM
ELTZ News: Notification That Annual Report Will Be Submitted Late (nt 10-k) 07/03/2017 11:18:28 AM
ELTZ News: Current Report Filing (8-k) 05/24/2017 01:23:59 PM
PostSubject
#11124  Sticky Note Golden cross on the chart. Let's push it today. Wreckingballer 08/18/17 09:15:19 AM
#10099  Sticky Note ELTZ UPDATES and ACQUISITIONS thesellerbuyer 07/07/17 12:10:16 AM
#5541  Sticky Note Folks please read to understand something very important. the third leg 05/09/17 08:05:02 AM
#5386  Sticky Note With using the Substitution Property... stervc 05/07/17 03:21:16 PM
#3843  Sticky Note Correct -again must read huge DD on $ELTZ DD_dempsey 04/27/17 03:24:02 AM
#12312   Bring on the pennies ELTZ TRAPPER JIM 09/19/17 11:21:52 AM
#12311   We have pretty much half the float here thesellerbuyer 09/19/17 11:17:11 AM
#12310   Board Member Ownership Updates: 29 members 47.6% of thesellerbuyer 09/19/17 11:13:50 AM
#12309   Looking much better .005 ask now hod. Slow lukin4winners 09/19/17 11:00:37 AM
#12308   I tried to slap the ask for 200k thesellerbuyer 09/19/17 10:58:04 AM
#12307   Somebody trying to hold it down but can't lukin4winners 09/19/17 10:38:08 AM
#12306   List has ihub members hold 47%. I bet Maniana 09/19/17 10:34:43 AM
#12305   I could have taken 20% profit at least Maniana 09/19/17 10:30:02 AM
#12304   I just seen that I was like someone InsaneTang 09/19/17 10:29:07 AM
#12303   Yes. This may see 60 today. GunShow_Trader 09/19/17 10:29:03 AM
#12302   That 600k shows something coming very soon looking good. lukin4winners 09/19/17 10:28:47 AM
#12301   Looks like things are gearing up for a LongFutureShot 09/19/17 10:28:05 AM
#12300   The war between longs and shorts will be lukin4winners 09/19/17 10:27:59 AM
#12299   Jesus all mighty. You all see that 600,000 slap!? fl_exec 09/19/17 10:25:48 AM
#12298   Risk vs Reward. Easy hold/buy here. ELTZ! Maniana 09/19/17 10:23:07 AM
#12297   Super low volume. Some just can't stand the Maniana 09/19/17 10:21:01 AM
#12296   That NITE that was up for 200k at thesellerbuyer 09/19/17 10:12:46 AM
#12295   I don't know who is selling in this InsaneTang 09/19/17 10:10:09 AM
#12294   Right on TRAPPER JIM 09/19/17 10:03:15 AM
#12293   Have to bring on the .005 first. Someone GunShow_Trader 09/19/17 09:59:52 AM
#12292   Bring on the .05$ & .10$ TRAPPER JIM 09/19/17 08:32:04 AM
#12291   GM each day getting closer to a major lukin4winners 09/19/17 08:30:54 AM
#12290   Board Member Ownership Updates: 29 members 47.37% of thesellerbuyer 09/19/17 08:13:18 AM
#12288   If you look at the chart shared by GunShow_Trader 09/19/17 02:05:12 AM
#12287   Right on TRAPPER JIM 09/18/17 11:13:37 PM
#12286   oh heck yes!!! I look forward to it too! buccaneer1961 09/18/17 11:09:07 PM
#12285   That Accum/Dist just keeps going up. I bought TRAPPER JIM 09/18/17 11:07:23 PM
#12284   Board Member Ownership Updates: 28 members 43.6% of thesellerbuyer 09/18/17 11:05:49 PM
#12283   heck yes! buccaneer1961 09/18/17 11:03:23 PM
#12282   A nice uptrend as we head into the TRAPPER JIM 09/18/17 10:57:50 PM
#12281   Chart is looking great for a nice breakout soon. TRAPPER JIM 09/18/17 10:54:47 PM
#12280   I believe at this price level MMs will braveheart63 09/18/17 10:43:01 PM
#12279   Board Member Ownership Updates: 28 members 42.6% of thesellerbuyer 09/18/17 10:39:24 PM
#12278   Added 300k to 550k Grow-n-up 09/18/17 10:34:32 PM
#12277   good,hopefully they are almost done and the buccaneer1961 09/18/17 10:32:44 PM
#12276   We almost have half the float locked with thesellerbuyer 09/18/17 09:54:18 PM
#12275   Who the hell could possibly be selling at fl_exec 09/18/17 09:29:57 PM
#12274   Board Member Ownership Updates: 28 members 42.6% of thesellerbuyer 09/18/17 08:53:48 PM
#12273   New auditor is doing their checks and balances LCLiving 09/18/17 06:49:40 PM
#12272   hopefully somebody hears from the ulustrious leader soon buccaneer1961 09/18/17 06:43:21 PM
#12271   There is still a seller here, so even LCLiving 09/18/17 06:40:41 PM
#12270   looks like gobs more buys today verses sells buccaneer1961 09/18/17 06:38:23 PM
#12269   Board Member Ownership Updates: 28 members 41.4% of thesellerbuyer 09/18/17 03:59:03 PM
#12268   Agreed! Updates usually happen in the afternoon! ELTZ$$$ DBS 09/18/17 03:48:41 PM
#12267   Somebody manipulating on low volume won't last. Updates coming. lukin4winners 09/18/17 03:13:14 PM
#12266   Board Member Ownership Updates: 28 members 41.9% of thesellerbuyer 09/18/17 02:41:24 PM
#12265   It is just to quiet :) Tick Tock. ELTZ Maniana 09/18/17 01:46:07 PM
#12264   Save it for the real release lol. lukin4winners 09/18/17 01:44:14 PM
#12263   10Q!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Maniana 09/18/17 01:37:29 PM
#12262   Yep yep TRAPPER JIM 09/18/17 12:26:36 PM
PostSubject