United Qavik Group
Iqaluit Nunavut , & Singapore , X0A 1H0, Canada
United Qavik Group Inc. is a global investment holding company that develops, manages and supervises extensive portfolio of companies focused on investments, Oil & Gas development in the arctic, Infrastructure development such as port facilities and airports, real estate, specialized business parks, telecommunications and hospitality projects that can promote Nunavut as a hub for commerce and trading
Products / Services
Oil & Gas Development
Our goal at UQE Inc is to become a major player in the global Oil & Gas, Mining, and Maritime & Commercial Services industry. Our focus is to provide a safe and reliable energy source to the three biggest markets in the world, the US, EU and the Asian markets.The first Development will be focused on our flag ship project. The Oil and Gas Development of the of Baffin Bay, Beaufort Sea and Hudson’s Bay located in the Canadian arctic which contains 30% of the world unexplored reserves of oil & gas in the world. What makes this Development so exciting is our strategic location of the Oil & gas fields on the North West Passage .It would cut 7,000 km and 14 days of transit from the current shipping route between the North Atlantic and Pacific. which would present an immense cost savings.We will be utilising new oil & gas technology to reduce our operating cost, such as directional drilling, Electrical-based EOR which, oil and gas can be recovered from the reservoirs at much lower cost
Megaport ,Airport , Oil & Gas Container Terminal ,Maratime Services
United Qavik Properties is a Sub-Corporation of United Qavik Group Inc. The primary responsibility is to focus on infrastructure Development in the most undeveloped , yet safest and strategic areas in the world. The Arctic.
The Main reason we are excited about this project is because The North West Passage is The shortest ( 7000 km &14 days) , the safest route connection the Largest Economies of the World Asia, North America and Europe. Our Goal is to build a
1. Mega port Facility capable of handling 2 million TEU annually
2.Oil & Gas/ Mineral Storage facility which will store the vast Oil & gas, Gold , diamond , iron ore ,Rare Earth metals that are abundant for export.
3. Airport Which will handle commercial and military aviation
4. Free Trade Zone that attract business interested in shipping goods through the North west passage investor interested in mineral rights in Nunavut & North West Territories and Arctic ,
5. Naval base for the Canadian navel fleet and NATO Alliance
United Qavik Mining is a Sub Corporation of United Qavik Group. It principal goal is to Developed , Buy or Sell mining assets in Nunavut , with potential expansion in The North West Territories .
We are Currently Interested in buying a The Jerricho Diamond mine in Nunavut. Previously owned by Shear diamond ltd. The company has filed for bankruptcy and the diamond mine has been seized by the Federal Government .Currently the mine contains 4 million 160 thousand carrots of diamond and $200 million has already been invested.
The mine has some issue’s specifically chemical waste spillage due to neglect . The total cost to clean up is $8 million dollars but most is covered by the federal government. Our Company intends to buy it at a fraction of the cost . Invest $ 3 million in the cleanup , Receive an appraisal and sell it to a number of potential diamond investors.We are looking for $15,000,000 in convertible debt financing payable over five years at 15% interest (Above market rates)
We are also looking for Equity investments along with Convertible debt.
oil and Gas Hydrate
the oil and Gas projects based in the Arctic will be a dividend-paying oil and gas Trust. Our royalty interests are a major contributor to our operating and financial performance and are not subject to expenses such as operating and capital costs. Our assets generate income from crude oil, natural gas, natural gas liquids. We are offering 15% royalty return
President Executive Officer
United Qavik Group Inc. is a Nunavut based corporation and owned by its principal founder, Biniam Asfaha who also acts as The CEO/Resident Manager of the Corporation. He has 15 years of experience in the Oil and Gas Industry working in Alberta Oil Sands and 6 years of know how of working in Nunavut mining and exploration industry.