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: What is going on

Omagine

over 9 years ago

I don't think there is any news. No one trade was particularly big .. maybe 5,000 - 8,000. Just an awful lot of trades. Very strange. Paper loss really hurts, but it's only paper. I keep pointing to the Q1 and the anticipation of the land being added soon. Plus, there is real progress on all of the other fronts and we'll likely hear a string of good news regarding steps being completed, etc., .... soon.