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: $70 million

Omagine

almost 10 years ago

in response to JB011's message

JB, well done, well played .I'm serious when I say we need guys like you around this board.We still could use an update on the all important Financing Agreement since the last 10-Q was reported BEFORE the DA was signed. Back then all hopes and dreams were focused on the DA. Now that that minor detail is behind us, the "FA" is "front and center" along with some PR work to get the stock price moving.Thanks for reading the reports and bringing the pertinent information to us in a timely manner. ---Bill.