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.

over 9 years ago

in response to AltonG's message

I don't know if any press releases are imminent, but I believe the 10-K is due next week (unless they need an extension). We should get an update on how various things are progressing (Usufruct Agreement signing, CCC contract, hiring a financial advisor, etc.)

Happy Birthday, Alton!