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Elite Group Inc. (ELTZ)

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Last Post: 8/18/2017 2:22:20 PM - Followers: 224 - Board type: Free - Posts Today: 21

 
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.
 


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. 


Market 

Water involved in oil and gas production (produced water) involves hundreds of thousands of wells, some operating for 20 to 35 years. During the lifetime of these wells, increasing volumes of produced water (largely coming from producing oil wells with a growing water-cut) there's a need for constant attention and treatment, more so now that the oilfield is receiving more regulatory scrutiny. As a result, there are requirements for improved fluids and water management for huge volumes of produced water. 

Outside of North America oil wells are producing in excess of 200 million barrels of water per day, on an average of almost three barrels of water per barrel of produced oil. In US legacy plays, like the Permian, the ratio of water to oil in production can exceed 95% in some cases. Overall, sources indicate 75% to 95% of all "waste" generated by oil and gas development comes in the form of produced water. In a recent presentation, Haliburton indicated that on average there will be ~ 100,000 barrels of water required for a typical frac job. The frac flowback volume share of this total can vary by shale play ranging from 15% in the Eagle Ford and up to 40% in the Permian and Mississippian shales. 

There are requirements such as water supply, regulations, and transportation (principally trucking) which typically account for 65% to 80% of total oilfield water management expenditures. As reported by the New York Department of Environmental Conservation -Division of Mineral Resources, there could be at least 600 truck visits to single shale well that require frac water and frac sand delivery, as well as the truck removal of flowback water. We believe that there is the potential for even more of an accelerated-cycle growth in the management of frac-related oilfield waters and also for produced waters, in their new role as water volume provider, for recycling and reuse in drilling and development. 

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 

Mr. Tecco’s market and management experience began as a registered representative for Merrill Lynch in the Canton, Ohio office holding Series 7 and Series 22 licenses. After his tenure with Merrill Lynch he became Vice President of Buckhorn Oil Company with offices in Houston, Texas and Columbus, Ohio; where his duties included raising capital for drilling and land acquisitions. During his tenure as Vice President of Buckhorn Oil Company he over saw the drilling and completion of over l50 producing Oil Wells. 

Mr. Tecco has gained some of his vast experience in the public markets by representing RieChad USA as Vice President. While he was VP with RieChad his duties included, but were not limited to, being in charge of mergers and acquisitions. Most recently, since July of 2000, as President of KPV Holdings; Mr. Tecco has participated in multiple business projects that assisted private companies with reverse mergers into public entities. Mr. Tecco was a long time member of the American Association of Petroleum Landman. He is a graduate of Kent State University with a degree in Bachelor of Finance in Business Administration and he also attended graduate school at The Ohio State University. 


Marc Sharinn Esquire 

Mr. Sharinn gained experience in the field of investment banking while working as a registered representative for securities brokerage firms. Mr. Sharinn concentrated his efforts in the private placement and structured finance arenas. He also founded and operated private financial consulting and management firms that acted as investment consultants to high net worth individuals and institutional investors. Mr. Sharinn's duties included the structural design of the capital placements, the creation of the particular security used in the various transactions and their respective trading and or other exit strategies. From 2002 thru 2005 Mr. Sharinn managed the Breckenridge Fund, LLC, which a structured finance investment fund with an investment strategy similar to that of Deer Creek Capital, LP and Deer Creek Fund II, LP is the investment fund Mr. Sharinn currently maintains a position as Managing Member. 

Marc Sharinn earned a Juris Doctor degree and Dean's List recognition from St. John's University School of Law, where he focused his attention in the areas of corporate and securities law. Mr. Sharinn also graduated from the University Of Albany School Of Business with honors and received a Bachelor of Science degree in Business Administration. 



ELTZ UPDATES, ACQUISITIONS, News and Filings 

Current Outstanding Shares: 150 Million shares 

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 


ELTZ News and Filings 

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




All other information regarding Acquistions should be relased after the 10-K has been released. 

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


ELTZ
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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
ELTZ News: Current Report Filing (8-k) 05/17/2017 01:10:17 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
#11144   Lukin4winners hasn't been right one time Thekid820 08/18/17 02:26:54 PM
#11143   Somebody taking a couple ticks missing the real lukin4winners 08/18/17 02:22:19 PM
#11142   ELTZ $ 0.0056 161.6M OS 140M float. TheLionAndTheLamb 08/18/17 02:08:30 PM
#11141   Maybe test 008's when they go current and Traderfan 08/18/17 02:02:53 PM
#11140   ELTZ lots of positive anticipation. If he files lukin4winners 08/18/17 02:02:17 PM
#11139   10k today from what I'm hearing. It LCLiving 08/18/17 01:47:25 PM
#11138   Completely agree, it's what we have been saying the third leg 08/18/17 01:46:03 PM
#11137   10k to be filed today per Tecco zeekhoe 08/18/17 01:44:32 PM
#11136   If we get those filings and then Acquisition crazy horse 0 08/18/17 01:35:58 PM
#11135   Are we looking at .01 next week longs? the third leg 08/18/17 01:14:26 PM
#11134   The wall is there because the filing hasn't flipnrips 08/18/17 01:03:11 PM
#11132   Ugh that's a massive wall at 0056. $eltz jakeag 08/18/17 12:34:25 PM
#11130   Lmaoo no 45$ coming next week dont worry! Thekid820 08/18/17 12:16:54 PM
#11129   Last week you said it's this week and Traderfan 08/18/17 12:12:04 PM
#11128   .05+ coming for eltz very soon. when she gonzilee 08/18/17 11:18:46 AM
#11127   yes buccaneer1961 08/18/17 11:00:48 AM
#11126   Nice and strong here longs, looks good Eltz the third leg 08/18/17 10:09:39 AM
#11125   .01+ coming next week once we clear .006 lukin4winners 08/18/17 09:51:30 AM
#11124   Golden cross on the chart. Let's push it today. Wreckingballer 08/18/17 09:15:19 AM
#11123   ELTZ #28 on IHUB getting deserved attention before lukin4winners 08/17/17 08:16:48 PM
#11122   I look for the 10q to be filed flipnrips 08/17/17 07:06:27 PM
#11121   Agreed! ELTZ$$$ DBS 08/17/17 05:32:17 PM
#11120   I've been an auditor and trust me happens cadfxguy 08/17/17 05:25:27 PM
#11119   Right On! That's why we are all here. Ping70 08/17/17 05:22:23 PM
#11118   The Lawyers and Accountants get paid by the crazy horse 0 08/17/17 05:21:28 PM
#11117   Unfortunately it's the nature of OTC Companies. BUT... DBS 08/17/17 05:10:27 PM
#11116   I totally agree but I have waited this Ping70 08/17/17 05:08:37 PM
#11115   I don't understand how you could possibly run BigLebowski 08/17/17 05:03:09 PM
#11114   From Briggs today, "Different day, same answers unfortunately. Ping70 08/17/17 04:50:45 PM
#11113   I love stocks where the Fundamentals and Technicals LCLiving 08/17/17 04:28:40 PM
#11112   ELTZ $ 0.0055 8x34 cross on daily chart. TheLionAndTheLamb 08/17/17 04:15:02 PM
#11111   Sounds good just the beginning of a great move. lukin4winners 08/17/17 04:07:32 PM
#11110   Hey buddy, we're all good, didn't think you LCLiving 08/17/17 04:05:59 PM
#11109   Agreed Lukin! Next week should be GO TIME!!! ELTZ$$$ DBS 08/17/17 03:56:59 PM
#11108   The Golden Cross has arrived thesellerbuyer 08/17/17 03:45:05 PM
#11107   Stop sign goes down will open up to braveheart63 08/17/17 03:45:03 PM
#11106   Recent high is .0056 break that and lots lukin4winners 08/17/17 03:41:41 PM
#11105   Here we go things may get real interesting here thesellerbuyer 08/17/17 03:41:03 PM
#11104   should be the last few steps there zeekhoe 08/17/17 03:36:01 PM
#11103   Nice!! Eltz the third leg 08/17/17 03:34:04 PM
#11102   Took some ELTZ $ 0.005. The 10K TheLionAndTheLamb 08/17/17 03:32:41 PM
#11101   Still holding strong here. OrangeShovel 08/17/17 03:25:00 PM
#11100   Let them sell now the buyers wont sell braveheart63 08/17/17 03:20:36 PM
#11099   Not you someone sold some prematurely just starting here. lukin4winners 08/17/17 03:08:29 PM
#11098   Selling??? I'm still buying. LCLiving 08/17/17 03:04:26 PM
#11097   Anyone selling here will miss the huge move coming. lukin4winners 08/17/17 03:01:33 PM
#11096   About to fly! Havoc23 08/17/17 02:51:54 PM
#11095   Thanks for the update! Eltz the third leg 08/17/17 02:46:54 PM
#11094   Looks good longs! Eltz the third leg 08/17/17 02:46:27 PM
#11093   Wouldn't put a large sell here just slows lukin4winners 08/17/17 02:46:15 PM
PostSubject