<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL DATA INFORMATION EXTRACTED FROM THE
UNAUDITED FINANCIAL STATEMENTS FOR GLADSTONE ENERGY, INC. FOR THE SIX MONTHS
ENDED JUNE 30, 1999 AND IS QUALIFIED INITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-31-1999
<PERIOD-END>                               JUN-30-1999
<CASH>                                         840,322
<SECURITIES>                                         0
<RECEIVABLES>                                   42,732
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               883,054
<PP&E>                                         621,476
<DEPRECIATION>                                 426,501
<TOTAL-ASSETS>                               1,543,923
<CURRENT-LIABILITIES>                        1,005,374
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       150,000
<OTHER-SE>                                   1,230,134
<TOTAL-LIABILITY-AND-EQUITY>                 1,543,923
<SALES>                                         52,121
<TOTAL-REVENUES>                                52,121
<CGS>                                                0
<TOTAL-COSTS>                                   16,211
<OTHER-EXPENSES>                                74,442
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                (38,532)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            (38,532)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (38,532)
<EPS-BASIC>                                      (.01)
<EPS-DILUTED>                                    (.01)