Nature of the Business and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2016

Nature of the Business and Summary of Significant Accounting Policies [Abstract]

Schedule of dilutive securities

	2016		2015
Convertible Notes		150,090		153,626
Stock Options		3,269,000		3,273,000
Stock Appreciation Rights		1,455,000		-
Warrants		6,422,124		6,773,896
Total Common Shares Issuable		11,296,214		10,200,522

Schedule shareholders of LLC and their associated ownership percentages as registered with the Government of Oman

LLC Shareholder	Percent  Ownership
Omagine		60	%
RCA		25	%
CCC-Panama		10	%
CCC-Oman		5	%
Total:		100	%