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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Excerpts from Form 8-K - March 17, 2015

Omagine

over 9 years ago

Re: Excerpts from Form 8-K - March 17, 2015

Omagine

over 9 years ago

Re: Excerpts from Form 8-K - March 17, 2015

Omagine

over 9 years ago

Re: Excerpts from Form 8-K - March 17, 2015

Omagine

over 9 years ago

Re: Excerpts from Form 8-K - March 17, 2015

Omagine

over 9 years ago

Re: Excerpts from Form 8-K - March 17, 2015

Omagine

over 9 years ago

in response to bill4810's message

I have to chuckle. I just spoke with Charlie yesterday and he was in very good spirits. As always he was unable to provide me with any information other than what's in the public domain. But he was encouraging ... kinda like a "keep the faith" encouraging.

Anyway, I'd like to take full, undeserved credit for today's good news. I have noticed that on the occasion when I speak with Charlie, which isn't often, there is usually some good news coming out shortly afterward. Ergo, ipsofacto, it must be my good luck charm! And I'm not even Irish (although my lovely wife is 3/4 such).

Well, we should hear more good news re the $value of the land very soon. And if this month, which it sounds likely, then I'm not sure why the land would NOT be shown as an LLC asset. Ergo, book value, folks, book value!