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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Re: news just out

Omagine

almost 9 years ago

in response to Jeff72's message

It appears the news wasn't good enough to trigger an upward trend. Just think, the stock price was more than double without anything signed. Financing both primary and secondary needs to be handled quickly. I'm sure they are working their butts off. Just keep hanging in there.