One mile of Ocean Front, One Incredible Real Estate Development

Multi-Billion Dollar Agreement Signed With Oman

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Message: The Islamic Holidays are ending soon

The Islamic holidays are rapidly coming to an end. Ramadan is over and Eid al- Fitr and Eid al-Adha are ending right around now. Since the exact dates vary with different countries, suffice it to say they are winding down within a few days. I bring this up not because over the years we thought things would slow down with the Omani government (they didn't this year---thankfully) during the holidays, but who knows if any decision makers within CCC-Oman,or our potential Financial Adviser candidates or even within Price Waterhouse,are celebrating these holidays. Lest we forget that several of our own management team may also be participating in the remaining festivities. I'm trying to reason why it is taking so long to have PWC and/or our company to render/publish it's decision on the correct method of accounting in Omagine's financial statements of its Usufruct Rights.I believe both CCC-Oman,the individuals arranging the Financing Agreement and of course future potential investors would like to know what PWC's "verdict" is, Bill.

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