The US Bankruptcy Court approved the fifth amended disclosure statement of Omagine, Inc. on July 5, 2022. The debtor had filed its fifth amended disclosure statement in the Court on June 27, 2022. The deadline to vote on the plan is August 24, 2022 and the plan objection deadline is August 24, 2022.

The confirmation hearing for the plan has been scheduled for October 18, 2022.