<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>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                      18,060,000
<SECURITIES>                                         0
<RECEIVABLES>                                6,192,000
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            24,252,000
<PP&E>                                     163,008,000
<DEPRECIATION>                               (554,000)
<TOTAL-ASSETS>                             197,812,000
<CURRENT-LIABILITIES>                       32,334,000
<BONDS>                                     61,724,000
<PREFERRED-MANDATORY>                       61,339,000
<PREFERRED>                                          0
<COMMON>                                        90,000
<OTHER-SE>                                  35,270,000
<TOTAL-LIABILITY-AND-EQUITY>               197,812,000
<SALES>                                              0
<TOTAL-REVENUES>                            56,415,000
<CGS>                                       48,922,000
<TOTAL-COSTS>                                6,986,000
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              38,000
<INCOME-PRETAX>                                469,000
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   469,000
<EPS-PRIMARY>                                   (0.08)
<EPS-DILUTED>                                   (0.08)