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Elite Group Inc. (ELTZ)

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Last Post: 11/18/2017 7:54:30 PM - Followers: 219 - 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
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ELTZ News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 11/14/2017 03:02:01 PM
ELTZ News: Current Report Filing (8-k) 10/26/2017 10:12:33 AM
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
PostSubject
#14837  Sticky Note ELTZ There are $68K notes due October 28. TheLionAndTheLamb 10/27/17 05:12:09 PM
#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
#15664   100% right bucaneer. Tecco spits on investors Thekid820 11/18/17 07:54:30 PM
#15663   but the ceo lied...nobody trusts him at this buccaneer1961 11/18/17 05:40:02 PM
#15662   With a little more volume this light dilution 169db 11/18/17 01:40:57 PM
#15661   will never move without a pump and when Thekid820 11/18/17 11:48:55 AM
#15660   why didn't they do an 8k back then? buccaneer1961 11/18/17 11:35:57 AM
#15659   More BS, as usual. Now someone, who knows Maniana 11/18/17 08:48:36 AM
#15658   From Sept., 12th would include October littlejohn 11/17/17 10:26:07 PM
#15657   duh...all the way into next year....WE KNOW ALREADY!! buccaneer1961 11/17/17 08:58:44 PM
#15656   Figured December. Increase in revenue to be reported sharky 11/17/17 08:34:01 PM
#15655   Ahoy mate, there should be 18 days littlejohn 11/17/17 06:49:52 PM
#15654   Delusional thinking. Dilution is obvious Thekid820 11/17/17 05:57:25 PM
#15653   Temporarily selling the note almost done per conversation lukin4winners 11/17/17 05:19:07 PM
#15652   dumping Dahmer 11/17/17 04:58:53 PM
#15651   Pirate had revenue of $6.5 mil for 2016 sharky 11/17/17 03:49:02 PM
#15650   Time for VNDM to loosen up here more lukin4winners 11/17/17 03:42:36 PM
#15649   I asked him if 10q will be posted antigravityone 11/17/17 03:29:26 PM
#15648   Also, VNDM has been more aggressive than usual NubLife 11/17/17 03:20:25 PM
#15647   The notes started after Oct 28th and the antigravityone 11/17/17 02:20:25 PM
#15646   The heavy buying was 10/26 to 11/7 shows lukin4winners 11/17/17 02:18:59 PM
#15645   he told me note almost done in oct....then buccaneer1961 11/17/17 02:07:20 PM
#15644   Thought so! Nice news and revs coming. VNDM lukin4winners 11/17/17 01:34:01 PM
#15643   Thanks for the info: sharky 11/17/17 01:08:48 PM
#15642   Notes almost done. Just talked with Mr. Tecco. antigravityone 11/17/17 12:42:57 PM
#15641   Sounds good! L2 is SO thin here and lukin4winners 11/17/17 12:37:47 PM
#15640   Looks like VNDM finishing up here looking for lukin4winners 11/17/17 12:36:11 PM
#15639   Stock was looking so good last few days Traderfan 11/17/17 12:33:05 PM
#15638   Next week!!! Neight 11/17/17 12:30:14 PM
#15637   Update would be catalyst with a 32.56 RSI sharky 11/17/17 12:19:26 PM
#15636   That .0017 is key to much higher it lukin4winners 11/17/17 12:09:24 PM
#15635   1 left at .0017, .0022's on deck showing sharky 11/17/17 12:05:19 PM
#15634   ELTZ CSTI/NITE high bid .0015 ask .0022 coming! lukin4winners 11/17/17 09:35:47 AM
#15633   The TA is still quite relevant here and Monte_Cristo 11/17/17 09:31:30 AM
#15631   It's buyers v sellers. ELTZ has always been lukin4winners 11/17/17 07:49:36 AM
#15630   1.6 Mil bid, wow! Sure someone with $1500 Maniana 11/17/17 01:02:30 AM
#15629   he isn't as aggressive as he was in october Dahmer 11/17/17 12:09:00 AM
#15628   Really very thin ask to .0025 very oversold lukin4winners 11/16/17 03:32:20 PM
#15627   Ask looking rather thin lately, all she needs sharky 11/16/17 03:31:12 PM
#15626   CDEL .0017 NITE .0022 CSTI .0022 so close. lukin4winners 11/16/17 03:18:24 PM
#15625   Only one MM under .0022. Ping70 11/16/17 03:14:06 PM
#15624   This could make a move soon IMO. It Traderfan 11/16/17 01:49:22 PM
#15623   .0017 hod 1.6M bid now someone knows something lukin4winners 11/16/17 01:10:07 PM
#15621   50 cents a postfrom mms wont buy much braveheart63 11/16/17 11:57:35 AM
#15620   Dude just buy some shares and make your cadfxguy 11/16/17 11:44:43 AM
#15619   Acquisition brought this down filings did too lol Thekid820 11/16/17 11:38:53 AM
#15618   Garbage garbage garbage garbage garbage Thekid820 11/16/17 11:38:08 AM
#15617   Yes sir! Only a matter of time Hunt11 11/16/17 11:13:23 AM
#15616   Someone's been soaking up these shares at 14 NubLife 11/16/17 10:03:18 AM
#15615   Over 1M bid .0014 ask very thin to lukin4winners 11/16/17 09:56:50 AM
#15614   Agree on that point ! crazy horse 0 11/16/17 09:51:07 AM
#15612   While posters are free to downgrade braveheart63 11/15/17 06:57:32 PM
PostSubject