Re: Form 10-Q for the period ended June 30, 2011

One mile of Ocean Front, One Incredible Real Estate Development

Multi-Billion Dollar Agreement Signed With Oman

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AGORACOM-GT

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Re: Form 10-Q for the period ended June 30, 2011

in response to

Form 10-Q for the period ended June 30, 2011

AGORACOM

posted on Aug 12, 2011 05:06PM

My favourite parts:

"In July 2011 the newly appointed Minister of Tourism approved the DA for the Omagine Project and sent a formal letter to His Majesty the Sultan requesting the Sultan’s final approval of the project. Since His Majesty the Sultan is a 25% shareholder of Omagine LLC, management expects this royal approval formality to be forthcoming in the ensuing days."

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.