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: trubbled waters?????

Omagine

about 8 years ago

in response to bill4810's message

Now, Bill, to be fair, Edison's concerns are certainly valid and I share those concerns. The Omanis have shown themselves to be very slow in all things. Fortunately, it doesn't appear that will be an issue for our project anymore now that all of the major govt signoffs, etc. are done with. Just waiting for the China connection to come through. Looking forward to Monday's quarterly report (10Q) for an update.