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.

about 8 years ago

in response to AltonG's message

ALTON....."the DA was highly politically connected........". The Sultan himself (RCA) gave/offered the 1,000,000 square meters (metres..for you stocker) to develop Omagine. That alone should have "paved the way" and "greased the skids" in eliminating the distractions and objections. Now we're talking about real $ in the midst of soft oil prices in a region where oil and natural gas are king. Having said that, I am holding my breath (that usually brings my hiccups to an abrupt end) that your projection is accurate. Regards, Bill of the Board.