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.

The Islamic holidays are rapidly coming to an end. Ramadan is over and Eid al- Fitr and Eid al-Adha are ending right around now. Since the exact dates vary with different countries, suffice it to say they are winding down within a few days. I bring this up not because over the years we thought things would slow down with the Omani government (they didn't this year---thankfully) during the holidays, but who knows if any decision makers within CCC-Oman,or our potential Financial Adviser candidates or even within Price Waterhouse,are celebrating these holidays. Lest we forget that several of our own management team may also be participating in the remaining festivities. I'm trying to reason why it is taking so long to have PWC and/or our company to render/publish it's decision on the correct method of accounting in Omagine's financial statements of its Usufruct Rights.I believe both CCC-Oman,the individuals arranging the Financing Agreement and of course future potential investors would like to know what PWC's "verdict" is, Bill.

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bill4810
City
Holland, Pa.
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President
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4466
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Date Joined
04/13/2009
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Omagine
Symbol
OMAG
Exchange
OTCQB
Shares
20,799,937 as of 01/04/2017
Industry
Bricks & Mortar
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