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Elite Group Inc. (ELTZ)
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10/16/2017 8:03:42 PM
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ELITE GROUP (ELTZ) Oil & Gas sector
Elite Group Incorporated a publicly traded company under the
Specializing in the Acquisition of Assets relating to
Oil Field Water used in upstream Oil & Gas.
ELTZ Up Date Share Structure
Aug 16, 2017
Authorized Shares 999,000,000
Outstanding Shares 161,612,753
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 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.
Terrence A. Tecco
Marc Sharinn Esquire
ELTZ UPDATES, ACQUISITIONS, News and Filings
Investor Relations: The Olibri Group
Contact Info: 813-438-5225
Principal executive office located at 4760 Preston Road, #244-114, Frisco, Texas, 75,034
ELTZ News and Filings
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.
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.
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 Detailed Quote
ELTZ News: Quarterly Report (10-q)
ELTZ News: Amended Current Report Filing (8-k/a)
ELTZ News: Current Report Filing (8-k)
10/13/2017 11:52:20 AM
ELTZ News: Annual Report (10-k)
08/18/2017 04:01:06 PM
ELTZ News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
08/14/2017 03:53:06 PM
Quarterly Report (10-q)
10/16/2017 04:15:08 PM
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My Stocks (40)
ELTZ $ 0.005. I spoke with Terrence.
10/03/17 11:16:27 AM
ELTZ Updates and Info for the coming week
09/24/17 10:54:03 AM
ELTZ UPDATES and ACQUISITIONS
07/07/17 12:10:16 AM
Correct -again must read huge DD on $ELTZ
04/27/17 03:24:02 AM
Right on. Looking forward to seeing the 8Ks
10/16/17 08:15:22 PM
Glad I bought a shitload on Monday all
10/16/17 08:12:32 PM
Tecco has delivered and will deliver much more
10/16/17 08:10:29 PM
Bring 'em on LC! :)
10/16/17 08:03:42 PM
10/16/17 08:02:36 PM
All those waiting for the 10Q wait no
10/16/17 07:55:50 PM
Yes Sir DBS ELTZ has the all clear
crazy horse 0
10/16/17 07:52:45 PM
Fun times ahead, 8ks next!
10/16/17 07:43:33 PM
Exactly Crazy Horse! After all the discrepancies made
10/16/17 07:33:41 PM
Great, bigger News than what TECCO was suppose
crazy horse 0
10/16/17 07:16:29 PM
Yep all the posters who said No 10Q
crazy horse 0
10/16/17 07:12:43 PM
10/16/17 07:03:31 PM
Indeed! Will be worth the wait!
10/16/17 07:00:15 PM
8Ks and Pennays on the way.
10/16/17 06:39:22 PM
Everything as Promised!!! Run Forest RUN!
10/16/17 06:38:00 PM
Not even concerned about the 10Q it's merely
10/16/17 06:37:50 PM
Great 10Q out! Didn't even realize. OK that's
10/16/17 06:35:38 PM
BRING ON THE ACQUISITION NEWS AND THE PENNIES
10/16/17 06:27:43 PM
Gonzi What do you make of this 10Q?
10/16/17 04:53:54 PM
That’s the main information of this Q: CURRENT BUSINESS
10/16/17 04:48:28 PM
no kidding, i don't care if he goes
10/16/17 04:45:44 PM
Lmao Crazy reading
10/16/17 04:43:31 PM
He is. Question is, how much can I
10/16/17 04:42:05 PM
Now just have to see if hes bullshitting
10/16/17 04:38:48 PM
The company purchased 26,500 in equipment. Wonder what
10/16/17 04:38:27 PM
Game on $$$$Eltz
10/16/17 04:36:04 PM
"We have several properties under contract and have
10/16/17 04:34:11 PM
Let the games begin.. ELTZ...
10/16/17 04:29:34 PM
10/16/17 04:25:12 PM
10/16/17 04:24:46 PM
does that remove the stop sign?
10/16/17 04:24:13 PM
from the 10Q
10/16/17 04:23:25 PM
10Q has been posted
10/16/17 04:18:24 PM
10Q is out and on EDGAR
10/16/17 04:15:53 PM
Better hurry up and buy some more cheapies.
10/16/17 03:58:21 PM
$100 in dilution? Ok.
10/16/17 03:49:23 PM
10/16/17 03:46:20 PM
Who’s that dumb. Whack it to 0034... prob
10/16/17 03:44:01 PM
That's even better multiple acquisitions covers more bases
10/16/17 02:34:12 PM
Extremely bullish here. $ELTZ heating up!
10/16/17 02:32:34 PM
Because of the DD I have done.
crazy horse 0
10/16/17 02:22:13 PM
Tecco told me he has a new acquisition
10/16/17 02:17:08 PM
Why do you say that
10/16/17 02:15:35 PM
IMO TECCO has something better in store for
crazy horse 0
10/16/17 02:14:34 PM
I second that! This is playing out perfectly
10/16/17 12:50:04 PM
Any acquisition with decent revs could send this
10/16/17 12:46:48 PM
L2 is so thin all we need is
10/16/17 12:31:31 PM
Maybe 10q next week
10/16/17 12:21:21 PM
Agreed, finally looks like it's ready for a
10/16/17 12:08:00 PM
.0042 hod let the bidders chase it up
10/16/17 12:02:24 PM
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