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: 10q

Omagine

almost 12 years ago

in response to AltonG's message

Yeah, it has nothing to do with being "swindled." It has everything to do with what you said.

This is exactly where I thought the deal would be right now with this new transformation objective now in the way. Their government moves at an exponentially slower pace than our American government, and I had a strong feeling this would not be done by the time this report came out.

The biggest thing is whether or not there will be a signing date after the transformation is completed. Will there be an additional objective, or will everything be in order? That's what we have to wait on.

My guess is the new year.

Sit tight friends.