<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1997 <CASH> 2,930,347 <SECURITIES> 0 <RECEIVABLES> 797,716 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,408,492 <PP&E> 9,854,388 <DEPRECIATION> 1,045,047 <TOTAL-ASSETS> 13,588,682 <CURRENT-LIABILITIES> 1,609,443 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,938 <OTHER-SE> 2,646,620 <TOTAL-LIABILITY-AND-EQUITY> 13,588,682 <SALES> 0 <TOTAL-REVENUES> 4,025,972 <CGS> 0 <TOTAL-COSTS> 3,219,218 <OTHER-EXPENSES> 2,127,889 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 510,167 <INCOME-PRETAX> (1,831,302) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,831,302) <DISCONTINUED> (57,863) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,889,165) <EPS-PRIMARY> (.64) <EPS-DILUTED> (.64)