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 John Paul's message

May I again point out that I am not worried at all, and think that any share price under $5 is an absolute bargain. But that is not what we are after. Only when the price tops $10, and comes close to $25 everything will become a bit more interesting.

It is just that my view on milestones slightly differ to some contributors.

I’ve opened bottle of champagne after DA was signed. Next one is coming when I see updated design and master plan with associated figures that will confirm the project is sound, and the third one when I see heavy machinery roaming along the beachfront.

After that, everything will be piece of cake, and champagne will flow continuously.

Cheers