<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> APR-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 15,760 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 34,732 <PP&E> 181,942 <DEPRECIATION> 11,770 <TOTAL-ASSETS> 234,581 <CURRENT-LIABILITIES> 25,800 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 143,286 <OTHER-SE> (38,970) <TOTAL-LIABILITY-AND-EQUITY> 234,581 <SALES> 0 <TOTAL-REVENUES> 31,104 <CGS> 0 <TOTAL-COSTS> 33,970 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,543 <INCOME-PRETAX> (4,409) <INCOME-TAX> 36 <INCOME-CONTINUING> (4,445) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (4,445) <EPS-PRIMARY> (.28) <EPS-DILUTED> (.28)