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Elite Group Inc. (ELTZ)

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Last Post: 10/17/2017 11:44:07 PM - Followers: 223 - Board type: Free - Posts Today: 0

 
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


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ELTZ News: Current Report Filing (8-k) 10/17/2017 03:08:32 PM
ELTZ News: Quarterly Report (10-q) 10/16/2017 04:15:08 PM
ELTZ News: Amended Current Report Filing (8-k/a) 10/16/2017 11:20:59 AM
ELTZ News: Current Report Filing (8-k) 10/13/2017 11:52:20 AM
ELTZ News: Annual Report (10-k) 08/18/2017 04:01:06 PM
News News Alert: Current Report Filing (8-k) 10/17/2017 03:08:32 PM
PostSubject
#13172  Sticky Note ELTZ $ 0.005. I spoke with Terrence. TheLionAndTheLamb 10/03/17 11:16:27 AM
#12559  Sticky Note ELTZ Updates and Info for the coming week thesellerbuyer 09/24/17 10:54:03 AM
#10099  Sticky Note ELTZ UPDATES and ACQUISITIONS thesellerbuyer 07/07/17 12:10:16 AM
#3843  Sticky Note Correct -again must read huge DD on $ELTZ DD_dempsey 04/27/17 03:24:02 AM
#14129   Not a lot of volume but still. DocDiggler 10/17/17 11:44:07 PM
#14128   But what about the gals or guys that DocDiggler 10/17/17 11:40:35 PM
#14127   ELTZ Chart formed a Three Outside Up reversal TRAPPER JIM 10/17/17 11:20:35 PM
#14126   Buys outnumber sells today. https://ih.advfn.com/stock-market/USOTC/elite-group- TRAPPER JIM 10/17/17 11:11:54 PM
#14125   Yea all this is great. Price never moves Thekid820 10/17/17 10:33:47 PM
#14124   $ELTZ No doubt about it, Tecco has LCLiving 10/17/17 09:54:02 PM
#14123   Exactly, all the filings lately aren't just for DocDiggler 10/17/17 08:39:04 PM
#14122   Something is brewing for sure. The Ping70 10/17/17 08:32:18 PM
#14121   Wasn’t mass only two days ago? This again hey cadfxguy 10/17/17 08:22:52 PM
#14120   They're gearing up for something good I'm sure. DocDiggler 10/17/17 08:16:36 PM
#14119   Nobody said the 10q would bring pennies. Ping70 10/17/17 08:08:52 PM
#14118   Looks like it brought a few hundred dollars DocDiggler 10/17/17 07:56:25 PM
#14117   My point was that the payment received from flipnrips 10/17/17 07:47:23 PM
#14116   Lmao remember when 10q was bringing pennies..... Thekid820 10/17/17 07:39:33 PM
#14115   Current and a 8k?! It’s coming fellas, get ready TheLastOneSitting 10/17/17 07:36:12 PM
#14114   The land deal with the electric company was TRAPPER JIM 10/17/17 07:06:27 PM
#14113   True that. IHoldTooLong 10/17/17 06:22:14 PM
#14111   Looks from today's trading session not many believe Maniana 10/17/17 06:19:04 PM
#14110   Couldn’t file this 2 weeks ago genius cadfxguy 10/17/17 06:16:09 PM
#14109   If all of this would be filed two Maniana 10/17/17 06:13:57 PM
#14108   This whole thing with the Bullseye right of flipnrips 10/17/17 06:05:10 PM
#14107   Havent seen anything saying there wasn't. I'm just TRAPPER JIM 10/17/17 05:49:18 PM
#14106   For all the new folks that don't know. TRAPPER JIM 10/17/17 05:48:02 PM
#14105   But there is no longer an agreement between RisingMT 10/17/17 05:44:30 PM
#14104   Elite Group Inc filed amended articles on September buccaneer1961 10/17/17 05:34:46 PM
#14103   Got an update on the property for Bullseye TRAPPER JIM 10/17/17 05:34:03 PM
#14102   remember a/s and o/s are 2 different things ;) buccaneer1961 10/17/17 05:30:40 PM
#14101   Last Press Release said no increase in the TRAPPER JIM 10/17/17 05:28:10 PM
#14100   no....those are for aqusitions etc. if you go buccaneer1961 10/17/17 05:03:35 PM
#14099   Will they increase the o/s?? 2.4B a/s seems RisingMT 10/17/17 04:58:44 PM
#14098   Dilution kills momo The_Free_Nebula 10/17/17 04:56:02 PM
#14097   When will the news hit??? Could be flipnrips 10/17/17 04:53:16 PM
#14096   Add up buys vs sells today bud. Trades thin. cadfxguy 10/17/17 04:45:06 PM
#14095   10q and 8k, still finishes red Thekid820 10/17/17 04:35:07 PM
#14094   $ELTZ It takes money to make money, LCLiving 10/17/17 04:01:00 PM
#14093   David Halabu is also part of Holdings 10 thesellerbuyer 10/17/17 03:55:37 PM
#14092   $ELTZ Big money could blow this stock LCLiving 10/17/17 03:53:17 PM
#14091   Trying to learn more about Adam Sesseman and thesellerbuyer 10/17/17 03:51:25 PM
#14090   Someone noted before they filed for increase a/s cadfxguy 10/17/17 03:44:12 PM
#14089   Ok that's a clear answer thank you. $eltz jakeag 10/17/17 03:42:49 PM
#14088   They just filed the 10q to get current IHoldTooLong 10/17/17 03:41:44 PM
#14087   Ohhh is this the first time we are jakeag 10/17/17 03:41:12 PM
#14086   I'm assuming who ever owned the acquisitions before thesellerbuyer 10/17/17 03:40:13 PM
#14085   Increase of authorizes shares cadfxguy 10/17/17 03:38:58 PM
#14084   It would be nice to know how many elevate333 10/17/17 03:38:04 PM
#14083   Is there a way to tell from that jakeag 10/17/17 03:37:38 PM
#14082   Acquisitions are coming cadfxguy 10/17/17 03:36:18 PM
#14081   Can someone please explain the significance of this 8k? jakeag 10/17/17 03:29:22 PM
#14080   News 8k https://seekingalpha.com/filing/3729903 thesellerbuyer 10/17/17 03:28:15 PM
#14079   We’re getting something today or tomorrow. cadfxguy 10/17/17 03:18:04 PM
PostSubject