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: Now What?

Omagine

almost 9 years ago

in response to beachmaster's message

BEACHER, if I recall in the last report,I believe that our management is expecting the CCC-Oman Contract to be signed--as the TV add fron a couple of years ago opined--"any day now,any day". That being said, our guys believe that the CCC-Oman contract comes first,then the Financing Agreement...I'm just sayin, Billyboy.... P.S. Jimmy Dean's purchase of 50K shares will certainly help the overall situation!