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: Up 13.33% Today !!!!!!!!!!!!!!!

Omagine

over 8 years ago

in response to stock_shark1's message

Yes, but management seems to be perenially (sp?) optimistic on their timelines. Psychologically, I'm going with end of summer. Anything better is icing on the cake.