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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.
 

 
Dec 13, 2017 We have released the 8k and are in great shape to move forward with work already secured.
ELTZ Up Date Share Structure Aug 16, 2017 
Float 139,097,753 
Authorized Shares 999,000,000 
Outstanding Shares 279,545,232 (Nov 20, 2017)
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. 


$ELTZ - forming a nice strong base on the daily chart


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ELTZ News: Information Statement - All Other (definitive) (def 14c) 01/03/2018 02:05:29 PM
ELTZ News: Proxy Statement - Other Information (preliminary) (pre 14c) 12/20/2017 12:52:02 PM
ELTZ News: Current Report Filing (8-k) 12/13/2017 08:21:30 AM
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
PostSubject
#17067  Sticky Note WOW! LOOK AT THE CEOS UM....SITUATIONS ! CAN buccaneer1961 12/19/17 09:27:53 PM
#16366  Sticky Note I suggest you or others call Terrence as TheLionAndTheLamb 12/13/17 09:28:51 AM
#16353  Sticky Note $ELTZ Huge 8K Out: PennyMaster 12/13/17 09:08:39 AM
#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
#17998   Info this week will help especially if he Dany boy 01/17/18 11:08:51 PM
#17997   Last time I saw a 30 mill plus Mfbosox 01/17/18 08:55:43 PM
#17996   wouldn't that be nice if it's a fake lukin4winners 01/17/18 08:28:34 PM
#17995   Thats a fake wall from what I see. Mfbosox 01/17/18 06:53:57 PM
#17994   this is their 3rd since oct buccaneer1961 01/17/18 05:39:50 PM
#17993   Well we have two more days to get Dany boy 01/17/18 05:20:49 PM
#17992   Maybe he doesn't know he's the PR guy? Ping70 01/17/18 04:31:33 PM
#17991   Didn't someone mention they hired a new PR Strong13 01/17/18 03:56:44 PM
#17990   CLearly two notes coming through, since VNDM is Maniana 01/17/18 03:16:47 PM
#17989   I would bet you he has no position Maniana 01/17/18 03:11:24 PM
#17988   if we have no buyers or news this Thekid820 01/17/18 02:45:05 PM
#17987   Looks like about 35M @.0006 which is not lukin4winners 01/17/18 02:37:09 PM
#17986   but bottom is in...LOLOLOZZZZZ...at .0001 all these notes buccaneer1961 01/17/18 02:15:09 PM
#17985   They are playing games big time. True size Mfbosox 01/17/18 02:12:25 PM
#17983   Looks like they are playing mm games trying lukin4winners 01/17/18 01:59:01 PM
#17982   Just checking and that 100K is looking lonely lukin4winners 01/17/18 01:56:49 PM
#17981   Surprised no one has taken that 100k out Mfbosox 01/17/18 01:47:25 PM
#17980   YesSiree!! ELTZ$ griffygriff3 01/17/18 01:36:19 PM
#17979   Agreed. :) NubLife 01/17/18 01:03:33 PM
#17978   Time to fasten our seatbelts. This appears to TripleJ 01/17/18 12:56:07 PM
#17977   I know the feeling. I traded THCZ the NubLife 01/17/18 12:37:47 PM
#17976   Amen!!! About 5 years ago I was in griffygriff3 01/17/18 12:35:40 PM
#17975   Damn, I missed the further run lol I NubLife 01/17/18 12:34:41 PM
#17974   Srmx is at 0069 TripleJ 01/17/18 12:32:22 PM
#17973   Take a look at SRMX if anyone thinks NubLife 01/17/18 12:29:19 PM
#17972   BMIC now on the high Bid...hmmmm. that's a first NubLife 01/17/18 12:27:33 PM
#17971   So many assumptions made...lol play the ticker, not NubLife 01/17/18 12:26:54 PM
#17970   so...mammoth didnt buy all the notes...another lie buccaneer1961 01/17/18 12:07:46 PM
#17969   its funny how we get played...ceo says not buccaneer1961 01/17/18 12:06:07 PM
#17968   Well there is the daily dump! Need that Mfbosox 01/17/18 10:42:06 AM
#17967   Thanks for the update cadfxguy! He did say lukin4winners 01/17/18 08:16:39 AM
#17966   ...maybe "Next week" Maniana 01/16/18 09:51:50 PM
#17965   We shall see if another toxic raises its The_Free_Nebula 01/16/18 05:53:39 PM
#17964   Well, that means any day then. ELTZ Ping70 01/16/18 05:31:47 PM
#17963   Adar and GS still have about 50M shares cadfxguy 01/16/18 04:56:51 PM
#17962   That's what I can't figure out. If Ping70 01/16/18 04:52:12 PM
#17961   That's what I understand Mammoth is done. Once lukin4winners 01/16/18 04:19:33 PM
#17960   You are assuming this is Mammoth selling, yet NubLife 01/16/18 03:40:19 PM
#17959   They should be already! According to the CEO Mfbosox 01/16/18 03:26:34 PM
#17958   41M bid .0004 if they wanted they could lukin4winners 01/16/18 03:25:01 PM
#17957   I hope when news drops Mammoth gives us Ping70 01/16/18 03:23:59 PM
#17956   And there is the seller on cue doesn't lukin4winners 01/16/18 03:01:02 PM
#17955   The sellers aka Mammoth Mfbosox 01/16/18 02:59:48 PM
#17954   They? Ping70 01/16/18 02:57:45 PM
#17953   Hope we indeed get that news we need! Mfbosox 01/16/18 02:51:18 PM
#17952   Sorry for the delay. I've learned not to griffygriff3 01/16/18 02:42:52 PM
#17950   Not done hasn't even turned the corner yet. lukin4winners 01/16/18 01:38:33 PM
#17949   Nobody? Neight 01/16/18 01:34:44 PM
#17948   Curious, and a serious question; how are people Neight 01/16/18 11:56:34 AM
#17947   Got to be close don't even mind the lukin4winners 01/16/18 11:32:23 AM
PostSubject