Elite Group, Inc. (OTCPK:ELTZ) entered into a letter of intent to acquire 17 oil and gas wells in Colorado from Silver Lake Industries Inc. on October 18, 2018. The company has retained Ryder Scott Petroleum Consultants and Safe Harbor Equity Advisors to provide petroleum engineering, reserve analysis and Investment Banking for private placement funding associated with the acquisition. The company is currently in the process of updating the appropriate corporate filings and financials and are expected to be completed shortly.