<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> MAR-31-1999 <CASH> 1,208,000 <SECURITIES> 0 <RECEIVABLES> 1,613,000 <ALLOWANCES> 9,000 <INVENTORY> 0 <CURRENT-ASSETS> 3,999,000 <PP&E> 18,966,000 <DEPRECIATION> 1,665,000 <TOTAL-ASSETS> 24,015,000 <CURRENT-LIABILITIES> 1,310,000 <BONDS> 3,850,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 3,000 <OTHER-SE> 6,043,000 <TOTAL-LIABILITY-AND-EQUITY> 24,015,000 <SALES> 0 <TOTAL-REVENUES> 2,427,000 <CGS> 0 <TOTAL-COSTS> 2,057,000 <OTHER-EXPENSES> 185,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 452,000 <INCOME-PRETAX> (267,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (267,000) <DISCONTINUED> 0 <EXTRAORDINARY> (35,000) <CHANGES> 0 <NET-INCOME> (302,000) <EPS-PRIMARY> (0.06) <EPS-DILUTED> (0.06)