ELTZ revenue projections...based on what I have seen on their website.
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. That equates to 420,000 annually.
ELITE has signed a letter of intent to purchase the YO Ranch SWD, and it’s located in Live Oak County, Texas. The YO Ranch SWD property includes a salt water disposal well, which is has a permit for 25,000 barrels per day.
ELITE is acquiring the Burks SWD in La Salle County. The well, which is permitted for 4500 barrels per day, will be begin accepting trucks May l, 2016. We expect monthly revenues of approximately $50,000.00. This equates to $600,000 annually. We need an update on this...to see if this is operational.
If we discount the Wiley Lease, below...we get $1,020,000 annually plus what YO Ranch SWD will bring in when operational, because it sounds like it is not operational. This equates to 0.20/share based solely on revenues on 2 of 3 properties, which isn't accurate and it also does not include a P/E either, which would increase this number.
ELITE is acquiring a majority interest in Wiley Lease LLC. The business 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.
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