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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Re: This is really getting old

Omagine

almost 16 years ago

in response to stock_shark1's message

Actually at this point I'm just looking for some sign that these guys can deliver. The passage of time is starting to suggest that perhaps they can't. Without the DA there is no opportunity. Its almost as if their strategy is simply wait long enough and the Omanis will come pounding on their door. That will never happen, some one experienced in this type of deal would have had a fork put in it a year ago.