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Elite Group Inc. (ELTZ)

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Last Post: 12/15/2017 12:31:42 AM - Followers: 234 - Board type: Free - Posts Today: 1

 
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 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
#16762   Lmfao next week which usually means next month Wreckingballer 12/15/17 12:31:41 AM
#16761   Added more shares today 7 Million sanscuba 12/14/17 09:38:48 PM
#16760   Looking like ELTZ is ready humbleboss 12/14/17 07:12:39 PM
#16759   Reread yest news it never said they would SOUTHGAS 12/14/17 03:57:19 PM
#16758   Alright dude. I'm not going to go TheLionAndTheLamb 12/14/17 03:56:20 PM
#16757   And great SS MJAM2020 12/14/17 03:54:44 PM
#16756   Great day to grab some cheapies GT-Trader 12/14/17 03:51:15 PM
#16755   Exactly, name another penny stock under .0050 with Mfbosox 12/14/17 03:50:43 PM
#16754   My thoughts exactly...once the pressure subsides even with MJAM2020 12/14/17 03:48:54 PM
#16753   lol....naw.... buccaneer1961 12/14/17 03:45:41 PM
#16752   How can it be them if Mammoth took buccaneer1961 12/14/17 03:44:08 PM
#16751   My guess, assuming they can be converted before Monte_Cristo 12/14/17 03:44:07 PM
#16750   Any updates from Terrence on selling done will lukin4winners 12/14/17 03:41:59 PM
#16749   Well they have to be close to getting Mfbosox 12/14/17 03:35:04 PM
#16748   I agree with that. It always seems TheLionAndTheLamb 12/14/17 03:34:14 PM
#16747   I think l2 woukd be the tell first Imho MJAM2020 12/14/17 03:33:25 PM
#16746   Like all of you, I'm keeping watch for TheLionAndTheLamb 12/14/17 03:23:30 PM
#16745   JUICY PR acoming, folks!! ah-eeeeeeeeeeeeeeee ELTZ$ griffygriff3 12/14/17 03:23:14 PM
#16744   Thanks deafcone 12/14/17 03:22:17 PM
#16743   TWEET Elite Group Inc.? KS46268 12/14/17 03:19:48 PM
#16742   Pr coming ...it was a reply Imho MJAM2020 12/14/17 03:12:35 PM
#16741   What's the tweet? Couldn't find one. deafcone 12/14/17 03:11:19 PM
#16740   wonder how many shares left are remaining to Den 12/14/17 03:09:26 PM
#16739   Thank you, ill give you 95, $ELTZ MasterPlays 12/14/17 03:09:22 PM
#16738   Remember when that long awaited 10Q came out? Maniana 12/14/17 03:01:46 PM
#16737   Yeeeeeeeeeeeeeee-Haaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa ***** ELTZ ***** griffygriff3 12/14/17 02:34:33 PM
#16736   New tweet out humbleboss 12/14/17 02:31:27 PM
#16735   Got my boots and saddle ready here we go. lukin4winners 12/14/17 02:23:16 PM
#16734   Bout to run to .0017 shortly. ELTZ$$$$$ griffygriff3 12/14/17 02:19:49 PM
#16733   Let's geaux baby let's geaux, saddle up!! ELTZ$ griffygriff3 12/14/17 02:16:02 PM
#16732   That alone is enough to potentially send ELTZ JackOfAllTrades 12/14/17 02:14:28 PM
#16731   Just look at L2 no toxic mm's and lukin4winners 12/14/17 02:12:04 PM
#16730   VNDM and BMIC off the ask go time here. lukin4winners 12/14/17 01:55:23 PM
#16729   Isn't it strange that every word from the The_Free_Nebula 12/14/17 01:46:33 PM
#16728   Fool me once...fool me twice...See Quote The_Free_Nebula 12/14/17 01:44:55 PM
#16727   saw that, great nab there!! ELTZ$ griffygriff3 12/14/17 01:43:37 PM
#16726   Took some ELTZ $ 0.001. TheLionAndTheLamb 12/14/17 01:40:05 PM
#16725   Mammoth didn't sell any shares yesterday. They TheLionAndTheLamb 12/14/17 01:39:45 PM
#16724   ELTZ PR Anytime! Acquisition filing was followed MJAM2020 12/14/17 01:36:58 PM
#16723   Absolutely right-on!! Now following you (#40). ELTZ$ griffygriff3 12/14/17 01:29:03 PM
#16722   You will be fine in my mind. I Mfbosox 12/14/17 01:20:51 PM
#16721   Totally agree. And that bounce will be hard! JackOfAllTrades 12/14/17 01:20:01 PM
#16720   This screams a bounce after all the dilution thepoet75 12/14/17 01:18:19 PM
#16718   nasty Dahmer 12/14/17 01:08:36 PM
#16717   Soakin bids from the impatient. sharky 12/14/17 01:07:47 PM
#16716   Where is the proof? MasterPlays 12/14/17 01:05:22 PM
#16715   like I said..ive the proof,he didn't send me buccaneer1961 12/14/17 01:03:53 PM
#16714   Must be very quite as there arnt any Mfbosox 12/14/17 01:02:59 PM
#16713   Quietly adding. :) sharky 12/14/17 01:00:16 PM
#16712   the run coming here is going to be huge MasterPlays 12/14/17 12:56:46 PM
PostSubject