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: FOOTPRINTS IN THE OMANI SAND

Omagine

almost 10 years ago

in response to lebnjb@ameri's message

Sorry, I wasn't trying to take over PYPR's position as the map guy. ;)

But until PYPR convinces Google to put Omagine on the map, I thought I'd help people find it.

As JB011 pointed out with that link, we will indeed be reclaiming land in the Gulf of Oman. We're also losing land inland. Perhaps there will be a net gain of land? I don't remember reading anything in the SEC filings or the DA about total square meters once all the land is moved around. I'll find out.

Jeff