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: Another point of view

Omagine

over 9 years ago

in response to JohnPaul's message

POPE JOHN PAUL, for an amateur you do have a grasp of "The Project". I shall defer to those more capable, and perhaps "in the business" to untangle" the web you have spun. From your comments, you evidently have been reading this message board because your last sentence lists those items of concern that have been voiced here in the last month or so. One question I do have is why you estimated the stock price as $ and then shifted to pounds? Curious, Bill.