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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IMMINENT

Omagine

about 8 years ago

"IMMINENT", the operative word of the day is "IMMINENT". The naming of the Financial Advisor, the Financing Agreement ( with the "mystery" Omani bank), and the Construction Agreement, are all "IMMINENT". I know that most of you are saying that you've heard all of this this before---but now "IMMINENT" IS "IMMINENT". ( Definition--- about to occur/impending). In addition to this great news, the Oman Daily Observer pointed out that within the 106 page 10-Q they found that our 1 million square meters of beach has been effectively increased by 100,000 square meters, (that's 10%) thanks to our bulldozers reclaiming the land from the Gulf of Oman. I don't recall (it's been a long time since the DA was signed) if the size of the additional real estate was expressed in meters. All in all, the 10-Q has reported great news. Why the stock isn't moving up, is a story for a different time, so let us enjoy the moments leading up to the"IMMINENT" signings,Bill of the Board.