<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> JUN-30-1999 <CASH> 1,305,000 <SECURITIES> 0 <RECEIVABLES> 2,280,000 <ALLOWANCES> 9,000 <INVENTORY> 0 <CURRENT-ASSETS> 4,374,000 <PP&E> 29,362,000 <DEPRECIATION> 1,887,000 <TOTAL-ASSETS> 37,385,000 <CURRENT-LIABILITIES> 2,305,000 <BONDS> 3,850,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 3,000 <OTHER-SE> 6,211,000 <TOTAL-LIABILITY-AND-EQUITY> 37,385,000 <SALES> 0 <TOTAL-REVENUES> 3,883,000 <CGS> 0 <TOTAL-COSTS> 2,927,000 <OTHER-EXPENSES> 243,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 546,000 <INCOME-PRETAX> 167,000 <INCOME-TAX> 0 <INCOME-CONTINUING> 167,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 167,000 <EPS-BASIC> 0.04 <EPS-DILUTED> 0.03