<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> APR-30-1999 <PERIOD-END> APR-30-1999 <CASH> 0 <SECURITIES> 0 <RECEIVABLES> 491,418 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 491,418 <PP&E> 6,798,354 <DEPRECIATION> (1,419,155) <TOTAL-ASSETS> 6,118,851 <CURRENT-LIABILITIES> 1,214,010 <BONDS> 3,670,339 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 24,059,971 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 6,118,851 <SALES> 0 <TOTAL-REVENUES> 2,267,452 <CGS> 0 <TOTAL-COSTS> 1,378,367 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 216,217 <INCOME-PRETAX> (2,572,496) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,572,496) <EPS-BASIC> (.49) <EPS-DILUTED> (.49)