One mile of Ocean Front, One Incredible Real Estate Development

Multi-Billion Dollar Agreement Signed With Oman

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Message: IMMINENT

NICK, I believe you are partially correct. My recollection is that we started out with a million square meters---which is 245 acres----, then discovered that a portion of "our world" had been previously promised to an Omani government official (aw shucks). BUT.... and it's a big but... the boundaries were redrawn to compensate us (Omagine) for the lost real estate, and we again ended up with our nifty 1 million square meters (245 acres). Now, if we add Frank, Charley and Sam's sand moving phenomon into the Gulf, we pick up an ADDITIONAL 106,000 square meters (It's in the 10-Q ), which gives us a total of 1,106,000 square meters for The Omagine Project--and that ain't "chopped liver". Ya know Nick ,as I've read and re-read portions of the 10-Q (only Alton will read the entire report before Labor Day), I find myself saying to myself " Holy cow, it looks like we're really going to build this thing". Enjoy the ride---up. Regards, Bill of the Board.

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