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: Waypoints

Omagine

over 9 years ago

in response to lebnjb@ameri's message

NICK, I'm with you on the land valuation. Of course the way the "bean counters" handle our 60% of the total value could have some bearing on how it appears on our books. I, like last week, shall stay close to my computer with great anticipation. After the land value announcement, the financing and CCC-Oman contract will be the next good news, Bill.