<ARTICLE> 5
<RESTATED> 
<MULTIPLIER> 1,000
       
                                                  
<PERIOD-TYPE>                   3-MOS                   3-MOS
<FISCAL-YEAR-END>                          MAR-31-1997             MAR-31-1998
<PERIOD-START>                             JAN-01-1997             JAN-01-1998
<PERIOD-END>                               MAR-31-1997             MAR-31-1998
<CASH>                                           3,320                  29,885
<SECURITIES>                                     8,668                     188
<RECEIVABLES>                                    1,025                   3,139
<ALLOWANCES>                                         0                       0
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                                15,699                  38,423
<PP&E>                                         138,345                 233,520
<DEPRECIATION>                                   1,105                   3,206
<TOTAL-ASSETS>                                 159,473                 294,387
<CURRENT-LIABILITIES>                           67,076                  24,553
<BONDS>                                         32,655                 126,198
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                            55                     157
<OTHER-SE>                                      59,687                 143,478
<TOTAL-LIABILITY-AND-EQUITY>                   159,473                 294,387
<SALES>                                          9,244                  18,648
<TOTAL-REVENUES>                                 9,244                  18,648
<CGS>                                            8,399                  17,381
<TOTAL-COSTS>                                    8,399                  17,381
<OTHER-EXPENSES>                                 (123)                 (2,075)
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                                 163                     268
<INCOME-PRETAX>                                    805                   3,074
<INCOME-TAX>                                       141                   1,168
<INCOME-CONTINUING>                                664                   1,906
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                       664                   1,906
<EPS-PRIMARY>                                      .06                     .12
<EPS-DILUTED>                                      .06                     .12