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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THIS WEEK

Omagine

almost 13 years ago

Re: THIS WEEK

Omagine

almost 13 years ago

Re: THIS WEEK

Omagine

almost 13 years ago

Re: response to the 10/31/2011 posting by qwerty1029

Omagine

almost 13 years ago

Re: THIS WEEK

Omagine

almost 13 years ago

Re: THIS WEEK

Omagine

almost 13 years ago

Re: THIS WEEK

Omagine

almost 13 years ago

in response to AltonG's message

In looking at this big project as compared to Omagine, it would seem reasonable that our project would have received the nod first. I've been with the company since 2003, and also when our project was turned down by Quatar, with a payment of one million dollars for their trouble. There is nothing that could prevent the same thing from happening today other than the DA signature. I'm not pounding on the company, but I believe that an affirmative date could have been set and we would not be in this position.