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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  
Float 68,210,063 (4/18/2017)
Authorized Shares 999,000,000 (4/18/2017) 
Outstanding Shares 899,530,798 (2/20/2018)
Transfer Agent(s): Island Stock Transfer
15500 Roosevelt Boulevard
Suite 301
Clearwater, FL 33760
727-289-0010

http://www.islandstocktransfer.com
info@islandstocktransfer.com

Kim Whiteside
kwhiteside@islandstocktransfer.com
717-289-0010
 

Elite Group Inc. Management

ELITE Group, Inc. is a Nevada corporation established to acquire assets in the oil field service sector. ELITE Group, Inc. specializes in the acquisition of assets related to the oil field services. Management’s objective is to acquire and consolidate oil field service assets in the prolific oil and gas exploration areas – primarily in the Permian and Eagle Ford Basins.

Management believes it will accomplish its goal to maximize shareholder value through strategic acquisitions, effective business model design and economies of scale to a expanding industry. Elite’s management currently has relationships with a substantial number of oil and gas operators in the Permian and Eagle Ford basins. ELITE Group, Inc. will use the most environmentally friendly procedures and processes available to the industry.

Currently ELITE Group, Inc. is acquiring oil and gas service companies that are operating in both of these basins. The principals of ELITE Group, Inc. have over 50 years of combined experience providing financial and operational management support to numerous companies in the oil and gas industry.

As a result, they have identified several companies that complement each other through the services they offer. ELITE Group, Inc. will be able to provide substantial growth opportunities for these companies through their relationships with these 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:

Terrance A. Tecco – CEO

Mr. Tecco’s market and management experience began as a registered representative for Merrill Lynch in the Canton, Ohio office holding a 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.

Jeffrey M Lightsey (Operations)

Mr. Lightsey is a Veteran that has over 10 years’ experience working as a Petroleum Engineer for different oil and gas companies all over the world as well as his families previously owned oil and gas lease. He started his working career after the Army for NASA as the Johnson Space Center Mission Control Computer Security Executive and advancing to the U. S. Security Representative for the International Space representing the U.S. to all foreign agencies involved.

J. Mark Fox,(CPA)

Mr. Fox has over 25 years of oil and gas industry experience. He has over 20 plus years of executive management experience in various corporate positions. Responsibilities included managing oil and gas assets of over $250 MM in Texas, Louisiana, Montana, Michigan and Pennsylvania with an E&P budget of $80+ MM. He has held CFO positions in several companies.

Craig DeArmond ( Carter County Resources )

Mr. DeArmond has over 30 years of oil and gas experience providing consulting, engineering and operational support to numerous major oil and gas companies as well as private companies.

Michael Ramos ( Pirate Field Operations)

Mr. Ramos founded TMR Services in 2006 located in Rankin, TX and operated in a 200 mile radius. TMR provided a variety of services to its customers in the oil and gas industry, they included Roustabout, Dirt Work (drill pads, frac pits, pipeline construction) and maintenance, production and facilities work along with general construction and maintenance.



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 

Current Acquisitions

Pirate Oilfield Services, Inc.

ELITE Group, Inc. (ELITE) has acquired Pirate Oilfield Services, Inc. The company has executed a purchase and sale agreement for the company and closed the transaction September 12, 2017.

Pirate Oilfield Services, Inc. is an oil and gas service company located in Midland, Texas. Pirate provides multiple services to oil and gas companies including roustabout services, equipment rental, welding services, and many others.

Pirate Oilfield Services, Inc. is the initial acquisition for ELITE and will serve as the platform entity for future acquisitions.

Current Joint Venture Partners

Carter County Resources, Inc.

Carter County Resources, Inc. (CCR) was established in 2009 in the Permian Basin as a roustabout, hydro-excavation, and production services company. CCR has remained profitable during the downturn and is positioned for exponential growth over the next few years.

The current owners of CCR have been in the Permian area for over 25 years and have built and continue to build a stellar reputation as they grow their customer base. CCR has focused on 100% customer satisfaction and has an excellent Health, Environmental, and Safety record with a TRIR rating of 0.0.

Their MSA portfolio is diversified and they are currently being sought after by new customers due to their reputation. CCR has an established 5 acre yard and office compound in Odessa strategically located with access off the main highway. The current management will continue to remain with the company and will continue to grow revenue with the business management support that Elite Group will provide.

Elite Group, Inc. announces acquisition of Pirate Oilfield Services, Inc.

FRISCO, TX -- (Marketwired) -- 11/01/17 -- Elite Group, Inc. (OTC PINK: ELTZ), a Nevada corporation established to acquire assets in the oil field service sector, is proud to announce it has acquired Pirate Oilfield Services, Inc. The company has executed a purchase and sale agreement for the company and closed the transaction September 12, 2017.

Pirate Oilfield Services, Inc. is an oil and gas service company located in Midland, Texas. Pirate provides multiple services to oil and gas companies including roustabout services, equipment rental, welding services, and many others. Pirate had revenue of $6.5 mil for 2016 and will do approximately $5 mil in revenue for 2017 due to the reorganization and ramp up. New services in addition to the roustabout work will be vacuum truck rental, grubber clearing and site, pipeline and pit construction. This new work will be added through Pirate's existing MSA's (Master Service Agreements) with multiple companies such as Pioneer, Energen, Anadarko, Koch Industries, Parsley, Sandridge, McGuire and others. Pirate estimates its revenue could increase to over $8 million for 2018.

Terry Tecco, CEO of ELTZ, commented, "Pirate Oilfield Services, Inc. is the initial acquisition for ELITE and will serve as the platform entity for future acquisitions. As part of our ongoing business strategy we will continue to research and identify additional acquisitions that fit our model."

The 8K for this transaction may be viewed in Elite Group, Inc.'s October 26, 2017 filing. https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12340348

About Elite Group, Inc. ELITE Group, Inc. is a Nevada corporation established to acquire assets in the oil field service sector. ELITE Group, Inc. specializes in the acquisition of assets related to the oil field services. Management's objective is to acquire and consolidate oil field service assets in the prolific oil and gas exploration areas - primarily in the Permian and Eagle Ford Basins. Management believes it will accomplish its goal to maximize shareholder value through strategic acquisitions, effective business model design and economies of scale to an expanding industry. Elite's management currently has relationships with a substantial number of oil and gas operators in the Permian and Eagle Ford basins. ELITE Group, Inc. will use the most environmentally friendly procedures and processes available to the industry.

About Pirate Oilfield Services Pirate Oilfield Services, Inc. is a company formed in 2013. The company was originally formed to provide oil and gas services and also began offering roustabout services to SandRidge Energy. Pirate expanded its services to include sandblasting and welding, although, roustabout services were the primary source of revenue through the summer of 2017. Pirate has 22 various trucks and had 13 three man roustabout crews running http://www.otcmarkets.com/stock/ELTZ/news


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. 

03/22/2018 BREAKING NEWS!!! HUGE REVENUE COMPANY ACQUIRED!!!

Current Report Filing (8-k)

 
 
http://uk.advfn.com/common/alerts/images/news_alerts_icon_small.png";) right top no-repeat;" title="Set a News Alert for USOTC:ELTZ">Alert

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

 

WASHINGTON, D.C. 20549

 

____________

 

FORM 8-K

 

 

CURRENT REPORT

 

     PURSUANT TO SECTION 13 OR 15(d) OF THE

 

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported) March 22, 2018

 

ELITE GROUP, INC.

(Exact name of registrant as specified in its charter)

 

 

     

 

 

 

Nevada

333-197384

32-0415962

(State of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

 

 

4760 Preston Road #244-114 Frisco, Tx 75034

(Address of principal executive offices, including zip code)

 

(469) 777-3370

(Registrant ’ s telephone number, including area code)

 

Elite Books Inc.

 (Former name or former address, if changed since last report)

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

? Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

? Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

? Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

? Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 


 


Item 8.01 Other Events

 

 Elite Group Inc has finalized it ’ s acquiring of Red Diamond Resources. Red Diamond will manage    Elite ’ s Permian Basin operations and provide Master Service Agreements valued at $4.5 million annually.

 


 


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

     

Dated: March 22, 2018

Elite Group, Inc.

 

 

 

 

 

By:

/s/ Terrence Tecco

 

 

Terrence Tecco

Chief Executive Officer

 

 


 

Elite Group, Inc. (USOTC:ELTZ)
Historical Stock Chart

1 Year : From Mar 2017 to Mar 2018

Click Here for more Elite Group, Inc. Charts.
 

Elite Group, Inc. (USOTC:ELTZ)
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Today : Thursday 22 March 2018


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ELTZ News: Current Report Filing (8-k) 04/17/2018 08:06:26 AM
ELTZ News: Current Report Filing (8-k) 04/12/2018 08:31:17 AM
ELTZ News: Current Report Filing (8-k) 03/22/2018 11:57:30 AM
ELTZ News: Current Report Filing (8-k) 03/07/2018 11:01:48 AM
ELTZ News: Quarterly Report (10-q) 02/20/2018 05:11:46 PM
PlusOneCoin Top Posts
#22314   That was most likely Tecco. About a year Novice2318 08/01/18 11:48:34 AM
PostSubject
#21690  Sticky Note $ ELTZ. Yes there is a Run in Jerry70 04/25/18 06:28:47 AM
#17067  Sticky Note WOW! LOOK AT THE CEOS UM....SITUATIONS ! CAN buccaneer1961 12/19/17 09:27:53 PM
#22324   Stop sign been put on he has to Stacking goods 08/13/18 07:08:18 AM
#22323   Updates waaay overdue... floridaboy 08/11/18 07:58:11 AM
#22322   Let’s go Tecco. It’s time to close on Jackrabbitslim 08/09/18 02:56:05 PM
#22321   Heck no, this is just getting ready to pop!!!! Box Money 08/09/18 10:39:24 AM
#22320   Has this POS ticker been halted yet??? Neight 08/09/18 09:43:57 AM
#22318   and according to the filings he gives himself buccaneer1961 08/06/18 09:39:46 PM
#22317   LOOK AT THIS AWESOME DD ON THE CEO! buccaneer1961 08/06/18 09:34:10 PM
#22316   Stock has been shorted, diluted, positive updates floridaboy 08/06/18 09:24:01 PM
#22314   That was most likely Tecco. About a year Novice2318 08/01/18 11:48:34 AM
#22313   FWIW I called - sopmeone picked up the phone performa007 08/01/18 09:09:35 AM
#22312   WARNING WARNING !! BUYER BEWARE! CEO IS A buccaneer1961 07/31/18 11:51:08 PM
#22311   HE HAS NOR WILL HAVE OPERATIONS HE DID buccaneer1961 07/31/18 11:49:23 PM
#22310   If you look on Bloomberg website it says Dany boy 07/31/18 01:30:44 PM
#22309   Pure comedy. flipnrips 07/30/18 07:30:33 PM
#22308   I completely agree with you this company will Dany boy 07/30/18 07:07:51 PM
#22307   Agreed Diligence Due 07/30/18 01:03:49 PM
#22306   good to see volume Rainer 07/30/18 12:26:05 PM
#22305   For the love of God, please let the NubLife 07/30/18 11:33:08 AM
#22304   16 million shares the first hour plus? Feels Box Money 07/30/18 10:50:37 AM
#22303   Well, Tecco has been telling us all along mr_freemoney 07/29/18 11:39:44 PM
#22302   Do a search on the ceo. He is flipnrips 07/26/18 01:22:06 PM
#22301   If what you said was true he wouldn't Dany boy 07/26/18 01:07:25 PM
#22300   I really hope im wrong because my investment RisingMT 07/26/18 12:58:16 PM
#22299   We will see. stallion70 07/26/18 12:56:59 PM
#22298   And he diluted the F*%# out of this RisingMT 07/26/18 12:55:34 PM
#22297   He hasn’t acquired anything he said he would. He RisingMT 07/26/18 12:53:44 PM
#22296   Prove that he isn’t. stallion70 07/26/18 12:47:42 PM
#22295   That would be true if the CEO is RisingMT 07/26/18 12:28:30 PM
#22294   Lol flipnrips 07/26/18 12:13:48 PM
#22293   The permian basin area is very rich area Dany boy 07/26/18 11:55:03 AM
#22292   Exactly it is going to take time for Dany boy 07/26/18 09:58:37 AM
#22291   I 2nd that $ELTZ - leave this alone. Strong13 07/26/18 06:14:03 AM
#22290   I agree, stick her on a shelf for now... floridaboy 07/25/18 02:25:05 PM
#22289   She’ll pop eventually, more likely than not that Diligence Due 07/25/18 02:23:41 PM
#22288   If they did indeed buy a couple of bildo 07/25/18 09:19:52 AM
#22287   The company stopped reporting? The_Free_Nebula 07/25/18 08:00:25 AM
#22286   Exactly they could have been operating then the Dany boy 07/25/18 01:44:51 AM
#22285   Do you know that for a fact? stallion70 07/25/18 01:35:52 AM
#22284   None of those 3 companies you mentioned are flipnrips 07/24/18 09:32:49 PM
#22283   We'll see if it's done or not soon Dany boy 07/24/18 09:28:21 PM
#22282   Stick a fork in it. flipnrips 07/24/18 06:49:26 PM
#22281   As long as the company releases info then Dany boy 07/24/18 06:17:30 PM
#22280   Yeah, I’m not sure what this idiot is thinking Box Money 07/24/18 02:47:30 PM
#22279   Way overdue for updates Stacking goods 07/24/18 07:16:14 AM
#22278   yes buccaneer1961 07/24/18 02:00:32 AM
#22277   Right there with ya on that, hangin' tough... floridaboy 07/23/18 04:45:45 AM
#22276   Your garbage should likely turn into a treasure Stockcaller 07/22/18 09:50:09 PM
#22275   Oh I’m still holding a big bag of flipnrips 07/20/18 08:20:07 PM
#22274   Don’t miss the run. There’s still some Kool-Aid left. stallion70 07/20/18 08:18:51 PM
#22273   Keep laughing. I drank the kook aid flipnrips 07/20/18 08:02:21 PM
PostSubject