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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Onward and Upward

Omagine

over 9 years ago

HALLELUJAH. It was gratifying to learn of the ratifying of the DA. It's the start of a new ball game. The ratification has opened the door to the next step which has been ordained by the ratification. Now they can't choose to duck signing the Usufruct Agreement. Upon its signing, the land valuation is scheduled to be announced which should provide a large degree of comfort to our patient shareholders.

This sequence of events leads me to believe the stock will have carved out a significant bottom. Onward and Upward.