<ARTICLE>                                      5
<MULTIPLIER>                                   1
<CURRENCY>                                     U.S. Dollars
       
                                            
<PERIOD-TYPE>                                  Year
<FISCAL-YEAR-END>                              DEC-31-1998
<PERIOD-START>                                 JAN-01-1998
<PERIOD-END>                                   DEC-31-1998
<EXCHANGE-RATE>                                1
<CASH>                                         5,181,000
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<RECEIVABLES>                                  1,357,000
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<INVENTORY>                                    0
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<PP&E>                                         15,193,000
<DEPRECIATION>                                 1,549,000
<TOTAL-ASSETS>                                 28,765,000
<CURRENT-LIABILITIES>                          4,227,000
<BONDS>                                        18,198,000
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       3,000
<OTHER-SE>                                     2,213,000
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<SALES>                                        0
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<CGS>                                          0
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<CHANGES>                                      74,000
<NET-INCOME>                                   (450,000)
<EPS-PRIMARY>                                  (0.13)
<EPS-DILUTED>                                  (0.13)