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Elite Group Inc. (ELTZ)

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Last Post: 12/15/2017 10:27:47 PM - Followers: 233 - Board type: Free - Posts Today: 137

 
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.
 
 
Dec 13, 2017 We have released the 8k and are in great shape to move forward with work already secured.
ELTZ Up Date Share Structure Aug 16, 2017 
Float 139,097,753 
Authorized Shares 999,000,000 
Outstanding Shares 279,545,232 (Nov 20, 2017)
 
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:@EliteGroupELTZ https://twitter.com/EliteGroupELTZ

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: Current Report Filing (8-k) 12/13/2017 08:21:30 AM
ELTZ News: Quarterly Report (10-q) 11/21/2017 11:38:30 AM
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
PostSubject
#16366  Sticky Note I suggest you or others call Terrence as TheLionAndTheLamb 12/13/17 09:28:51 AM
#16353  Sticky Note $ELTZ Huge 8K Out: PennyMaster 12/13/17 09:08:39 AM
#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
#16898   Definitely not the Christmas present I was looking for TRAPPER JIM 12/15/17 10:27:47 PM
#16897   yes! they should know he lies as a buccaneer1961 12/15/17 09:41:46 PM
#16896   the share structure is effectively out of control The_Free_Nebula 12/15/17 09:36:15 PM
#16895   Dangling that carrot TRAPPER JIM 12/15/17 09:17:35 PM
#16894   I wonder why tecco tries to give hope buccaneer1961 12/15/17 09:16:35 PM
#16893   Dat makes 2 of us, and yes indeed griffygriff3 12/15/17 08:42:35 PM
#16892   Two T-Trades good grief. Its like riding TRAPPER JIM 12/15/17 08:01:20 PM
#16891   50 million shares.....see the notes not done....tecco knows buccaneer1961 12/15/17 07:56:25 PM
#16890   Loaded hard today, amazing day with huge potential MasterPlays 12/15/17 06:46:51 PM
#16889   Welcome to the crew! I think we move MasterPlays 12/15/17 06:45:15 PM
#16888   I understand that there's no after hours on vinc 12/15/17 05:22:37 PM
#16887   I’m sorry, but you might not understand that Maniana 12/15/17 05:16:32 PM
#16886   10,790 millions purchased at .0009 after close (T vinc 12/15/17 05:12:57 PM
#16885   $9.00 Lmfao watch your slow brokers will catch Wreckingballer 12/15/17 04:42:48 PM
#16884   ok, post the closing price on it. ;o) dmerc 12/15/17 04:40:04 PM
#16882   27M sells vs only 6M buys and a Wreckingballer 12/15/17 04:08:45 PM
#16880   As I said, huge trade bro. You go! cadfxguy 12/15/17 04:04:42 PM
#16877   On 2300$ in volume. Huge trade bro, huge trade. cadfxguy 12/15/17 04:01:59 PM
#16875   ELTZ closed .0009! That's ok! _1_ 12/15/17 04:00:16 PM
#16874   Lmfao here is the tape. Let me know Wreckingballer 12/15/17 03:58:14 PM
#16873   last trade was 5.75, previous close 10.45 dmerc 12/15/17 03:55:42 PM
#16871   Lmfao no it's not. It was $5.75 and Wreckingballer 12/15/17 03:52:28 PM
#16870   New lows and more dilution. Same old broken Wreckingballer 12/15/17 03:51:10 PM
#16868   ELTZ hasn't closed yet. About 20 minutes. Right _1_ 12/15/17 03:39:13 PM
#16867   20 minutes left see what happens next week lukin4winners 12/15/17 03:38:11 PM
#16865   Huh? On a new low? Well then I Wreckingballer 12/15/17 03:32:48 PM
#16864   I'd call this more of establishing a support _1_ 12/15/17 03:27:12 PM
#16862   The market says it's a strong sell obviously LMFAO Wreckingballer 12/15/17 03:24:02 PM
#16861   The market says it's a strong sell obviously LMFAO Wreckingballer 12/15/17 03:23:49 PM
#16860   Bashing ELTZ is not an investors option. It's _1_ 12/15/17 03:20:39 PM
#16859   Lmfao absolutely. They are expanding the SS into Wreckingballer 12/15/17 03:18:31 PM
#16858   Have faith people! #ELTZ is expanding. They are _1_ 12/15/17 03:15:35 PM
#16856   There's plenty. I'm sitting on one right now Wreckingballer 12/15/17 03:03:04 PM
#16855   Show me an OTC company that is debt lukin4winners 12/15/17 02:58:38 PM
#16854   Really when they couldn't even offset their own Wreckingballer 12/15/17 02:55:50 PM
#16853   Tried to warn every one. Terrible Tecco strikes Wreckingballer 12/15/17 02:53:05 PM
#16852   Not enough shares being diluted for that to Daytrader765 12/15/17 02:52:21 PM
#16851   They may drop this all the way down Macaveli 12/15/17 02:44:33 PM
#16850   ELTZ is paying for expansion now! That's not _1_ 12/15/17 02:33:12 PM
#16849   $ELTZ agreed, adding the dips.. PennyMaster 12/15/17 02:32:59 PM
#16848   Srmx may still bounce Maniana 12/15/17 02:26:32 PM
#16847   12m on bid! Stock will come back up! _1_ 12/15/17 02:26:19 PM
#16846   Lol, you can lose 50% with just 4 Maniana 12/15/17 02:24:48 PM
#16845   Promo crew is failing. Badly, lol. Maniana 12/15/17 02:22:20 PM
#16844   Stock is cheap at these levels_ _1_ 12/15/17 02:22:02 PM
#16843   I look for a reversal before buying. I vinc 12/15/17 02:18:14 PM
#16842   Like to see that 11m on bid move _1_ 12/15/17 02:15:18 PM
#16841   In January ELTZ could see pennies! _1_ 12/15/17 02:11:05 PM
#16840   Stock has potential_I agree! #ELTZ _1_ 12/15/17 02:07:37 PM
#16839   TEMPORARY condition! .004$ next week : ELTZ$ griffygriff3 12/15/17 02:06:18 PM
PostSubject