<ARTICLE> 5 <MULTIPLIER> 1,000 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JUL-01-1998 <PERIOD-END> SEP-30-1998 <EXCHANGE-RATE> 1 <CASH> 5,224 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 19,183 <PP&E> 193,765 <DEPRECIATION> 13,903 <TOTAL-ASSETS> 234,147 <CURRENT-LIABILITIES> 26,676 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 143,285 <OTHER-SE> (44,577) <TOTAL-LIABILITY-AND-EQUITY> 234,147 <SALES> 0 <TOTAL-REVENUES> 34,886 <CGS> 0 <TOTAL-COSTS> 38,848 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,635 <INCOME-PRETAX> (5,597) <INCOME-TAX> 11 <INCOME-CONTINUING> (5,608) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (5,608) <EPS-PRIMARY> (0.35) <EPS-DILUTED> (0.35)