I took a small gamble (2500 shares) on this company a few years ago. I stress gamble; if anyone else thinks this is a sold investment they need to stop buying and selling stocks.

Investors should be critical of management since we've heard the same old story time and time again. I do believe management is working hard and it is in their best interest to get this deal done but...it hasn't.

10-Q June 30, 2011

The registration with the Ministry of Commerce & Industry (“MCI”) of Oman of the ownership positions of the Omagine LLC shareholders (the “Registration”) is a necessary condition precedent to the signing of the DA. All necessary documentation for the Registration process has now been received by the Company’s attorneys in Oman and completion of the Registration process is expected to occur imminently

While this process has experienced many delays, management remains confident that the although the precise date for the signing of the DA is not possible to predict at this time, management presently believes that it will be signed before September 15, 2011. As of the date of this report, management believes that the only remaining task to be accomplished before signing the DA is the imminent completion of the Registration.