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.

Home Videos Research Press Release Q&A Discussion

Threads Posts

Re: Reverse Split

Omagine

over 9 years ago

in response to honeymooner's message

Agree. Very tiring. I think there was a time where the hint of land valuation being added to the balance sheet would have made a big move. Market is skeptical. But it sounds like the valuation will be disclosed very soon and, I presume, added to the balance sheet. That's not lighting anyone's fire (wet kindling) at this point, but once it's announced it should have the desired impact. If it doesn't, then we've all lost our shirts because nothing else will move this stock if the land and increase in bv doesn't move it.