<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR YEAR <FISCAL-YEAR-END> DEC-31-1996 DEC-31-1995 <PERIOD-START> JAN-01-1996 JAN-01-1995 <PERIOD-END> DEC-31-1996 DEC-31-1995 <CASH> 2,105 7,335 <SECURITIES> 0 0 <RECEIVABLES> 730 136 <ALLOWANCES> (33) 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 1,043 558 <PP&E> 113,032 41,521 <DEPRECIATION> 674 163 <TOTAL-ASSETS> 130,507 53,546 <CURRENT-LIABILITIES> 38,765 13,349 <BONDS> 32,683 24,553 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 55 30 <OTHER-SE> 59,004 15,614 <TOTAL-LIABILITY-AND-EQUITY> 130,507 53,546 <SALES> 18,949 4,067 <TOTAL-REVENUES> 18,949 4,067 <CGS> 18,907 5,125 <TOTAL-COSTS> 18,907 5,125 <OTHER-EXPENSES> (107) (483) <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 0 96 <INCOME-PRETAX> 149 (575) <INCOME-TAX> 0 0 <INCOME-CONTINUING> 149 (575) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 149 (575) <EPS-PRIMARY> .03 (.19) <EPS-DILUTED> .03 0