One mile of Ocean Front, $1.6 Billion , One Incredible Real Estate Development.
OMAGINE INC. THROUGH ITS WHOLLY OWNED SUBSIDIARY IS A REAL-ESTATE DEVELOPMENT, ENTERTAINMENT AND HOSPITALITY COMPANY FOCUSING ON MIDDLE EASTERN DEVELOPMENT.
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Re: I don't get it

Posted by: commerce on June 03, 2008 09:05AM

In response to: I don't get it by jkrantz101

This is good news but hardly new. The OMAG did well with the announcement of the Terms letter everybody already accounted for Management to accept and sign it back; now we are all waiting for the BIG annoncement which is the Development Agreement, this will begin the process of vendiing in the property to the Project Company. It is this announcement followed be an updated appraisal of the land which will drive SP much higher.
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Executive Address
Omag-drohan-ea
Frank J. Drohan
President and CEO
June 28, 2007

President and CEO Discusses Omagine Development  in an interview from Oman

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