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 crookedneck's message

finalyzing the quatari loan agreement (or a similar instrument) is key. When this happens big bucks can be spent, the land will begin to be transformed and serious marketing efforts will begin. Hard to see why this would not heighten investor interest.

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oldguy
City
Boston
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Treasurer
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06/15/2010
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Omagine
Symbol
OMAG
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OTCQB
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Bricks & Mortar
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