<ARTICLE>                     5
<LEGEND>
     This schedule contains summary financial information extracted from the 
consolidated balance sheet and the consolidated statement of operations and is
qualified in its entirety by reference to such statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                              Dec-31-1997
<PERIOD-END>                                   Dec-31-1997
<CASH>                                         129,517
<SECURITIES>                                   0
<RECEIVABLES>                                  16,933,340
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               20,968,494
<PP&E>                                         33,401,161
<DEPRECIATION>                                 0
<TOTAL-ASSETS>                                 86,339,923
<CURRENT-LIABILITIES>                          32,995,527
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       404,332
<OTHER-SE>                                     25,333,926
<TOTAL-LIABILITY-AND-EQUITY>                   86,339,923
<SALES>                                        0
<TOTAL-REVENUES>                               67,018,507
<CGS>                                          0
<TOTAL-COSTS>                                  74,686,892
<OTHER-EXPENSES>                               (15,739,620)
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             9,844,505
<INCOME-PRETAX>                                (2,343,201)
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                            (2,343,201)
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                1,595,106
<CHANGES>                                      0
<NET-INCOME>                                   (748,095)
<EPS-PRIMARY>                                  (0.02)
<EPS-DILUTED>                                  (0.02)