<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 95,693 <SECURITIES> 358,700 <RECEIVABLES> 3,311,394 <ALLOWANCES> 24,989 <INVENTORY> 0 <CURRENT-ASSETS> 3,925,633 <PP&E> 53,516,111 <DEPRECIATION> 13,720,009 <TOTAL-ASSETS> 44,036,588 <CURRENT-LIABILITIES> 39,077,200 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 1,546,318 <COMMON> 1,049,541 <OTHER-SE> 2,363,529 <TOTAL-LIABILITY-AND-EQUITY> 44,036,588 <SALES> 9,836,863 <TOTAL-REVENUES> 10,591,873 <CGS> 0 <TOTAL-COSTS> 16,401,572 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,909,849 <INCOME-PRETAX> (7,715,342) <INCOME-TAX> 0 <INCOME-CONTINUING> (7,715,342) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (7,715,342) <EPS-PRIMARY> (1.71) <EPS-DILUTED> (1.71)