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: Let's see if we can break $2 today...

Omagine

about 12 years ago

in response to AltonG's message

Alton,

Thanks for posting the piece. The authors offered a good summary of the state of the debt crisis. This is something I follow closely, and from what I can forecast - there is no silver lining or light at the end of this tunnel unless immense reform happens. There is, however, a cliff waiting, and it seems to get steeper every quarter.