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: Will omag deliver in December 2016?

Omagine

almost 8 years ago

in response to AltonG's message

Look at the good side, with 20% capital gain and to make money this year would over tax some of us. We don't want to be taxed more than we have to. Olso with tax reform next year, maybe the capital gain will go back to 15%. With Obamacare, I believe That extra 5% was a hidden tax, plus another was a 3% tax on homes sold beginning I believe last year.