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.
Down today???
about 10 years ago
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Re: Down today???
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Re: Down today???
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Re: Down today???
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Re: Down today???
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Re: Down today???
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Re: Down today???
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Re: Down today???
about 10 years ago
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Re: Down today???
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Re: Beachmaster
about 10 years ago
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Allan, thanks for the commentary ... very insightful! As for your question as to how they are going to fund the land ... they aren't. That's how the Sultan, through the RCA, is funding his share of LLC. Along with the $70m in cash. Also, my understanding regarding funding of other aspects of the project is that it's lined up or will be lined up with Bank of Muscat and PNB. Recommend you look at last year's 10k along with this year's many 8ks.

Or just call Charlie K. ... he's always happy to speak with shareholders and, I presume, potential shareholders. Tell him I said hi!

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AltonG
City
Basking Ridge
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President
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4848
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08/17/2011
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Omagine
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OMAG
Exchange
OTCQB
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20,799,937 as of 01/04/2017
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