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: FIRST QUARTERLY REPORT

Omagine

over 11 years ago

in response to AltonG's message

One constant I see in the reports is that Omagine seems to only get 1 or 2 meetings with the MOT a month.

To those wanting constant updates, Frank is not going to get a twitter account and tweet daily for the sole purpose of satisfying this board. On average, we get an update every 6 weeks.

Our last update was April 1st. We should set our sites on Mid-May for an additional update. Let's hope there is news surrounding Ramadan and a deal getting done.