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Elite Group Inc. (ELTZ)

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Last Post: 12/12/2017 11:06:22 AM - Followers: 228 - Board type: Free - Posts Today: 13

 
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.
 
 
 

ELTZ Up Date Share Structure Aug 16, 2017 
Float 139,097,753 
Authorized Shares 999,000,000 
Outstanding Shares 161,612,753 
 
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:@eltzotc https://twitter.com/eltzotc 

Investor Relations: The Olibri Group 
http://www.olibrigroup.com 
Contact Info: 813-438-5225
info@olibrigroup.com


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: 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
ELTZ News: Quarterly Report (10-q) 10/16/2017 04:15:08 PM
PostSubject
#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
#16311   BMIC ut looks like he's running out of lukin4winners 12/12/17 11:14:11 AM
#16310   BMIC just dumped to .0010 with a number Mfbosox 12/12/17 11:06:22 AM
#16309   GM 31 RSI, looking forward to updates. :) sharky 12/12/17 10:34:17 AM
#16308   What are you talking about?. I'm a huge Maniana 12/12/17 10:33:37 AM
#16307   hi sharky .. Den 12/12/17 10:17:19 AM
#16305   Almost $4K on the bid! Weeeeeee! You guys Maniana 12/12/17 10:10:41 AM
#16304   Got some one moving up on the bid! Mfbosox 12/12/17 09:55:13 AM
#16303   Yep .0012 ask VNDM once he's bought out lukin4winners 12/12/17 09:47:14 AM
#16302   Looking close now. Holding 001 to 0012 ol_crow 12/12/17 09:43:26 AM
#16301   GM .0012's up sharky 12/12/17 09:34:07 AM
#16300   Getting close VNDM once taken out ELTZ has lukin4winners 12/12/17 08:55:49 AM
#16299   She's lookin free to go babesters daveymoore 12/12/17 08:51:14 AM
#16298   I’m gonna clear a profit of this bum pmunch 12/11/17 10:06:25 PM
#16297   Just saw another company do a 80-1 r/s. Ping70 12/11/17 09:35:50 PM
#16295   Sad , we got rooked ... hope we pmunch 12/11/17 08:36:01 PM
#16294   Pssssst The_Free_Nebula 12/11/17 08:16:15 PM
#16293   acid rain...lol...your korrekt buccaneer1961 12/11/17 08:07:41 PM
#16292   This stock will trade 0008-0012 til it breaks ol_crow 12/11/17 08:03:47 PM
#16291   every so often shit turns to fertilizer...but you The_Free_Nebula 12/11/17 07:58:52 PM
#16290   From where I see it it has been Mfbosox 12/11/17 07:57:08 PM
#16288   The only thing I can guarantee is there lukin4winners 12/11/17 07:42:43 PM
#16287   You guarantee it, or Just Your Opinion? Maniana 12/11/17 07:37:26 PM
#16286   T trades AH winding down selling here great lukin4winners 12/11/17 04:46:02 PM
#16285   Nice change. Would like to see a Ping70 12/11/17 04:31:39 PM
#16284   Mostly all buys today sharky 12/11/17 03:58:00 PM
#16283   Great thank you! Ping70 12/11/17 01:21:54 PM
#16282   everyone loaded already...then this is doomed... The_Free_Nebula 12/11/17 12:55:07 PM
#16281   I think because everyone here is loaded already. Mfbosox 12/11/17 12:47:01 PM
#16280   very very bad sign...no one wants this at The_Free_Nebula 12/11/17 12:42:06 PM
#16279   Hopefully this week before they dump through the Mfbosox 12/11/17 12:12:54 PM
#16278   SO, which week exactly is “next week?” Neight 12/11/17 12:05:38 PM
#16277   :-) The_Free_Nebula 12/11/17 11:52:41 AM
#16276   Ooohh NubLife 12/11/17 11:48:29 AM
#16275   Maybe I should have said did anyone else The_Free_Nebula 12/11/17 11:39:49 AM
#16274   Some one got 165k. Bid stacked nice Mfbosox 12/11/17 11:34:57 AM
#16273   Does not appear so daveymoore 12/11/17 11:32:35 AM
#16272   AWESOME BABESSTER!!! daveymoore 12/11/17 11:27:52 AM
#16271   Anyone get some triple nines? The_Free_Nebula 12/11/17 11:26:01 AM
#16270   Without a doubt just look at the chart. lukin4winners 12/11/17 11:19:31 AM
#16269   Gonna have a great launch pad when it hits daveymoore 12/11/17 11:15:19 AM
#16268   Have to agree once that .0012 breaks nice lukin4winners 12/11/17 11:00:07 AM
#16267   Nice buy looking for trend daveymoore 12/11/17 10:59:20 AM
#16266   Large ask at 12 not dropping to larger daveymoore 12/11/17 10:38:52 AM
#16265   HUGE Monday volume, its a stampede. Need Strong13 12/11/17 10:17:55 AM
#16264   .0009x.001 31.82 RSI sharky 12/11/17 10:17:28 AM
#16263   Bid just keeps on growin, proud bidders keep daveymoore 12/11/17 10:05:23 AM
#16262   6 mill plus and it keeps going up! Mfbosox 12/11/17 10:00:49 AM
#16261   Superb; notice skyrocketing bid now daveymoore 12/11/17 09:56:46 AM
#16260   I agree, I just sent him an email Mfbosox 12/11/17 09:55:41 AM
#16259   It looks carefully managed and strong to me; daveymoore 12/11/17 09:52:31 AM
PostSubject