After reading many of your concerns and also mine, pertaining to Omagine, the answer is simple.
Frank nor anyone on the management is to be blamed. It's the Sultan and the investment group and the ministries who are holding this project up.
If the Sultan wanted it dones ASAP it would have be. If the inverstors felt all was correct, it would have been signed months ago.
There is something that must be holding up the signing of the Investor agreement and which stops the signing of the DA and we are not in the loop...
I believe the Omagine management group has also much to loose.
Remember in the USA after December 31, 2010 our capital gains tax will double to triple.
It behooves the management team to finalize prior for their financial benefit and ours.
Go gettem Frank