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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Todays Wall Street Breakfast: Must-Know News

Omagine

over 13 years ago

In todays Wall Street Breakfast: Must-Know News

Elsewhere, Saudi Arabian troops moved into Bahrain after a request from the kingdom to help quell a popular uprising

In Oman, protesters are pressing for political and labor changes despite a string of concessions from Sultan Qaboos bin Said, who has ruled for 40 years.

This must be effecting the signing of the financial agreement and eventually the DA.

We are already weeks late in the signing of the financial agreement and unrest can only make things worse for our project.

I'm waiting for the 1st. quarter report but you and i know we could look at the last report and read nothing new nor positive will become of our progress. Maybe this year or not it will happen!!!

Mr. Drohan talk to us, please.