<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION FROM CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <CASH> 10,500,000 <SECURITIES> 0 <RECEIVABLES> 1,244,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 12,749,000 <PP&E> 19,514,000 <DEPRECIATION> (1,283,000) <TOTAL-ASSETS> 30,980,000 <CURRENT-LIABILITIES> 9,777,000 <BONDS> 12,391,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 140,000 <OTHER-SE> 8,106,000 <TOTAL-LIABILITY-AND-EQUITY> 30,980,000 <SALES> 4,070,000 <TOTAL-REVENUES> 4,070,000 <CGS> 1,500,000 <TOTAL-COSTS> 1,500,000 <OTHER-EXPENSES> 9,818,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 403,000 <INCOME-PRETAX> (9,862,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (9,862,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (9,862,000) <EPS-PRIMARY> (0.71) <EPS-DILUTED> 0