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.
Re: Inquiry
about 9 years ago
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in response to AltonG's message

Great post, Alton!

Even selling part of the LLC at below book value has benefits for OMAG.

- It could trigger the deferred cash investments of $70 million.

- A new investor in the LLC adds even more credibility to The Omagine Project, and thus OMAG - especially if it's a well known investor or sovereign wealth fund.

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Jeff72
City
Rank
Treasurer
Activity Points
401
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Date Joined
10/07/2009
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Omagine
Symbol
OMAG
Exchange
OTCQB
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20,799,937 as of 01/04/2017
Industry
Bricks & Mortar
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