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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A FRESH PERSPECTIVE FROM BILL

Omagine

almost 10 years ago

Re: A FRESH PERSPECTIVE FROM BILL

Omagine

almost 10 years ago

Re: A FRESH PERSPECTIVE FROM BILL

Omagine

almost 10 years ago

Re: A FRESH PERSPECTIVE FROM BILL

Omagine

almost 10 years ago

Re: A FRESH PERSPECTIVE FROM BILL

Omagine

almost 10 years ago

Re: A FRESH PERSPECTIVE FROM BILL

Omagine

almost 10 years ago

Re: A FRESH PERSPECTIVE FROM BILL

Omagine

almost 10 years ago

Re: A FRESH PERSPECTIVE FROM BILL

Omagine

almost 10 years ago

Re: A FRESH PERSPECTIVE FROM BILL

Omagine

almost 10 years ago

Re: A FRESH PERSPECTIVE FROM BILL

Omagine

almost 10 years ago

Re: A FRESH PERSPECTIVE FROM BILL

Omagine

almost 10 years ago

Re: A FRESH PERSPECTIVE FROM BILL

Omagine

almost 10 years ago

in response to bill4810's message

Actually, Bill, he's shifting 60% of $700+ million to us. It's "conservatively" estimated to be worth $750 plus million and our cost, as we sell the land (and only upon receipt of payment from buyers) is $65/square meter. That works out to a total of $65m in our cost. Of course, we all like to round up in such matters, so let's assume conservatively valued at $765m. Makes it a net gain of $700m of which 60% accrues to our net worth ... or $420m. Still, not a bad outcome, no?