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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Omagine

over 10 years ago

Nothing for 3 weeks. Not a word. What happened to the tranparency that management was providing? Is this ominous news? We were led to believe that the red lining of the DA was a mere formality at this point so why now news to report. Are we in limbo till August?

The quagmire continues with no positive news in months unless the "imminent signing" is considered good news