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 qwerty1029's message

I'm not criticising you, I'm just trying to understand the Omani's motivations. Why would the RCA sign on if they wanted us to go away? I'm not disagreeing with your assessment of the Arab approach to letting things go away, but I can't reconcile that possibility with the RCA's actions.