Omagine

Company has signed a Development Agreement with the Government of the Sultanate of Oman. Omagine Owns 60%; Sultanate Owns 25%; Consolidated Contractors Owns 15%. Project to be developed on 245 acres of beach front land on Gulf of Oman. The estimated cost approximately $2.5 Billion. BNP Paribas To Lead Construction Financing Syndicate.

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Investor 123

Omagine

over 16 years ago

in response to investor123's message

Does your analysis of the $160mm include the success fee (.5% of the total construction cost...est $1.6Bil...roughly $80 mm... page 11 second par.) to be paid to the company at the Financial Closing? Incredible if they can get it!

How did you calculate the 160MM??

Thanks