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

AND I QUOTE "Isn't the RCA in the same boat that we're in, since they, too, are investors? Or do you believe they want us to go away so they have the whole project for themselves?"

I do believe - birds of a feather stick together. I more than anyone would like to see this project signed. As I in the past - in the arab nations when they want to pass on a purchase or a pass on selling their products, THEY NEVER SAY SEE YA. They just lead you on til you quit.

I HOPE I'M WRONG BUT BEEN BUYING AND SELLING WITH SOME OF THE ARAB COUNTRIES FOR MANY MANY YEARS AND THAT IS MY PERONAL OPINION.