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.
April 1st 10-K Update
over 11 years ago
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in response to qwerty1029's message

My question is, if we knew that the transition needed to be done 3 months ago, why haven't we been working to put the transition together so that it would have been done by now? There would be no problem, fax the papers to the major investors, and have them sign, send copies where they have to go and walla the DA can be signed. I think we were waiting for some miracle to happen, such as the Sultan to step in and get this project rolling, but it seems that those who want the transition to take place before the DA signing, seems to have more clout. All I can say is that I'm really disappointed at the disunity in the RCA and MOT in how they conduct themselves in their business procedures.

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lebnjb@ameri
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03/11/2006
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Omagine
Symbol
OMAG
Exchange
OTCQB
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Industry
Bricks & Mortar
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