<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>
<CURRENCY> U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<EXCHANGE-RATE>                                      1
<CASH>                                      23,155,000
<SECURITIES>                                         0
<RECEIVABLES>                                3,566,000
<ALLOWANCES>                                  (82,000)
<INVENTORY>                                          0
<CURRENT-ASSETS>                            26,721,000
<PP&E>                                     234,439,000
<DEPRECIATION>                             (1,907,000)
<TOTAL-ASSETS>                             293,358,000
<CURRENT-LIABILITIES>                       40,277,000
<BONDS>                                    114,742,000
<PREFERRED-MANDATORY>                      100,737,000
<PREFERRED>                                          0
<COMMON>                                        90,000
<OTHER-SE>                                  35,270,000
<TOTAL-LIABILITY-AND-EQUITY>               293,358,000
<SALES>                                              0
<TOTAL-REVENUES>                           234,526,000
<CGS>                                      184,841,000
<TOTAL-COSTS>                               51,901,000
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             214,000
<INCOME-PRETAX>                            (2,430,000)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                  (3,857,000)
<NET-INCOME>                               (6,287,000)
<EPS-PRIMARY>                                   (1.40)<F1>
<EPS-DILUTED>                                   (1.40)
<FN>
<F1>For Purposes Of This Exhibit, Primary Means Basic
</FN>