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Elite Group Inc. (ELTZ)

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Last Post: 10/16/2017 8:03:42 PM - Followers: 222 - Board type: Free - Posts Today: 69

 
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) 04:15 PM
ELTZ News: Amended Current Report Filing (8-k/a) 11:20 AM
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
News News Alert: 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
#10099  Sticky Note ELTZ UPDATES and ACQUISITIONS thesellerbuyer 07/07/17 12:10:16 AM
#3843  Sticky Note Correct -again must read huge DD on $ELTZ DD_dempsey 04/27/17 03:24:02 AM
#13988   Right on. Looking forward to seeing the 8Ks TRAPPER JIM 10/16/17 08:15:22 PM
#13987   Glad I bought a shitload on Monday all Axel 10/16/17 08:12:32 PM
#13986   Tecco has delivered and will deliver much more Axel 10/16/17 08:10:29 PM
#13985   Bring 'em on LC! :) DBS 10/16/17 08:03:42 PM
#13984   Absolutely! DBS 10/16/17 08:02:36 PM
#13983   All those waiting for the 10Q wait no lukin4winners 10/16/17 07:55:50 PM
#13982   Yes Sir DBS ELTZ has the all clear crazy horse 0 10/16/17 07:52:45 PM
#13981   Fun times ahead, 8ks next! LCLiving 10/16/17 07:43:33 PM
#13980   Exactly Crazy Horse! After all the discrepancies made DBS 10/16/17 07:33:41 PM
#13979   Great, bigger News than what TECCO was suppose crazy horse 0 10/16/17 07:16:29 PM
#13978   Yep all the posters who said No 10Q crazy horse 0 10/16/17 07:12:43 PM
#13977   Right on TRAPPER JIM 10/16/17 07:03:31 PM
#13976   Indeed! Will be worth the wait! ELTZ$$$ DBS 10/16/17 07:00:15 PM
#13975   8Ks and Pennays on the way. TRAPPER JIM 10/16/17 06:39:22 PM
#13974   Everything as Promised!!! Run Forest RUN! ELTZ$$$ DBS 10/16/17 06:38:00 PM
#13973   Not even concerned about the 10Q it's merely lukin4winners 10/16/17 06:37:50 PM
#13972   Great 10Q out! Didn't even realize. OK that's lukin4winners 10/16/17 06:35:38 PM
#13971   BRING ON THE ACQUISITION NEWS AND THE PENNIES TRAPPER JIM 10/16/17 06:27:43 PM
#13970   Gonzi What do you make of this 10Q? Patton360 10/16/17 04:53:54 PM
#13969   That’s the main information of this Q: CURRENT BUSINESS Axel 10/16/17 04:48:28 PM
#13968   no kidding, i don't care if he goes zeekhoe 10/16/17 04:45:44 PM
#13967   Lmao Crazy reading lovethatgreen 10/16/17 04:43:31 PM
#13966   He is. Question is, how much can I Neight 10/16/17 04:42:05 PM
#13965   Now just have to see if hes bullshitting Thekid820 10/16/17 04:38:48 PM
#13964   The company purchased 26,500 in equipment. Wonder what thesellerbuyer 10/16/17 04:38:27 PM
#13963   Game on $$$$Eltz DocDiggler 10/16/17 04:36:04 PM
#13962   "We have several properties under contract and have thesellerbuyer 10/16/17 04:34:11 PM
#13961   Let the games begin.. ELTZ... InsaneTang 10/16/17 04:29:34 PM
#13960   hmmm The_Free_Nebula 10/16/17 04:25:12 PM
#13959   It will bababooyah 10/16/17 04:24:46 PM
#13958   does that remove the stop sign? The_Free_Nebula 10/16/17 04:24:13 PM
#13957   from the 10Q The_Free_Nebula 10/16/17 04:23:25 PM
#13956   10Q has been posted zeekhoe 10/16/17 04:18:24 PM
#13955   10Q is out and on EDGAR Adjustedtosteep 10/16/17 04:15:53 PM
#13954   Better hurry up and buy some more cheapies. bababooyah 10/16/17 03:58:21 PM
#13953   $100 in dilution? Ok. cadfxguy 10/16/17 03:49:23 PM
#13952   Dilution. bababooyah 10/16/17 03:46:20 PM
#13951   Who’s that dumb. Whack it to 0034... prob cadfxguy 10/16/17 03:44:01 PM
#13950   That's even better multiple acquisitions covers more bases lukin4winners 10/16/17 02:34:12 PM
#13949   Extremely bullish here. $ELTZ heating up! BrophInvest 10/16/17 02:32:34 PM
#13948   Because of the DD I have done. crazy horse 0 10/16/17 02:22:13 PM
#13947   Tecco told me he has a new acquisition thesellerbuyer 10/16/17 02:17:08 PM
#13946   Why do you say that cadfxguy 10/16/17 02:15:35 PM
#13945   IMO TECCO has something better in store for crazy horse 0 10/16/17 02:14:34 PM
#13944   I second that! This is playing out perfectly DBS 10/16/17 12:50:04 PM
#13943   Any acquisition with decent revs could send this LCLiving 10/16/17 12:46:48 PM
#13942   L2 is so thin all we need is lukin4winners 10/16/17 12:31:31 PM
#13941   Maybe 10q next week Thekid820 10/16/17 12:21:21 PM
#13940   Agreed, finally looks like it's ready for a Traderfan 10/16/17 12:08:00 PM
#13939   .0042 hod let the bidders chase it up lukin4winners 10/16/17 12:02:24 PM
PostSubject