<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> APR-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 1,393,269 <SECURITIES> 0 <RECEIVABLES> 653,705 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,587,942 <PP&E> 24,777,673 <DEPRECIATION> 0 <TOTAL-ASSETS> 27,455,900 <CURRENT-LIABILITIES> 4,600,287 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 81,924 <OTHER-SE> 22,773,689 <TOTAL-LIABILITY-AND-EQUITY> 27,455,900 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 360,182 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (354,884) <INCOME-TAX> 0 <INCOME-CONTINUING> (354,884) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (354,884) <EPS-BASIC> (0.02) <EPS-DILUTED> (0.02)