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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in response to bill4810's message

The splitting is not important. Fact that it's considered hard asset (or at least the portion available for sale) is very encouraging. The full amount of the valuation has been admitted as assets. All good. I'm still wading through the narrative.

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AltonG
City
Basking Ridge
Rank
President
Activity Points
4848
Rating
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Date Joined
08/17/2011
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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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