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 Doha1's message

Its not so much that they lack credibility, more so that from day 1 they have been in way over their head. Why they didn't recruit someone with real expertise in the area suggest a serious lack of judgment on their part. I still feel there's a good chance they can pull it out, otherwise I would have sold out by now, and there would be no point in commenting in this thread.

Its just really frustrating knowing that all that's needed to put this thing through the hoop, is a few well placed phone calls and cage rattling could have this thing done in two or three weeks. But that seems to be beyond their capabilities.

Mark my word we will still be sitting here a year from now.