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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Nice Day

Omagine

about 12 years ago

in response to bill4810's message

This is my first post. I have been following this project for over two years. The action in the stock over the past few days is very encouraging. It is fun to hypothesize about valuation and one day those equations will hopefully ring true. However right now it is all about the DA signing and generating more investor interest in the project. If we can break the last 12 month high of $4.95, the near term run could bring the stock to the $8 to $10 range if there is investor interest. My hope is the interest comes from the investing public of Oman.

Looking for another exciting day tomorrow .......

Panther