<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEETS AND STATEMENTS OF OPERATIONS AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<CASH>                                      35,355,000
<SECURITIES>                                         0
<RECEIVABLES>                                3,266,000
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            38,621,000
<PP&E>                                     134,143,000
<DEPRECIATION>                             (1,228,000)
<TOTAL-ASSETS>                             181,807,000
<CURRENT-LIABILITIES>                       16,040,000
<BONDS>                                     63,416,000
<PREFERRED-MANDATORY>                       61,461,000
<PREFERRED>                                          0
<COMMON>                                        90,000
<OTHER-SE>                                      35,270
<TOTAL-LIABILITY-AND-EQUITY>               181,807,000
<SALES>                                              0
<TOTAL-REVENUES>                            36,794,000
<CGS>                                       29,134,000
<TOTAL-COSTS>                                8,343,000
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             134,000
<INCOME-PRETAX>                              (817,000)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (817,000)
<EPS-PRIMARY>                                   (0.23)<F1>
<EPS-DILUTED>                                   (0.23)
<FN>
<F1>For Purposes of This Exhibit, Primary Means Basic.
</FN>