<ARTICLE> 5 <MULTIPLIER> 1 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <EXCHANGE-RATE> 1 <CASH> 955,666 <SECURITIES> 356,163 <RECEIVABLES> 48,877 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,590,002 <PP&E> 4,702,894 <DEPRECIATION> 0 <TOTAL-ASSETS> 6,720,057 <CURRENT-LIABILITIES> 53,800 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 4,806,763 <OTHER-SE> 1,859,494 <TOTAL-LIABILITY-AND-EQUITY> 6,720,057 <SALES> 0 <TOTAL-REVENUES> 45,937 <CGS> 0 <TOTAL-COSTS> 623,431 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (577,494) <INCOME-TAX> 0 <INCOME-CONTINUING> (577,494) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (577,494) <EPS-BASIC> (0.01) <EPS-DILUTED> (0.01)