<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE JUNE 30, 1998 UNAUDITED FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS </LEGEND> <MULTIPLIER> 1 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> SEP-30-1997 <PERIOD-START> OCT-01-1997 <PERIOD-END> JUN-30-1998 <EXCHANGE-RATE> 1 <CASH> 777,870 <SECURITIES> 0 <RECEIVABLES> 230,180 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,346,604 <PP&E> 12,539,233 <DEPRECIATION> 0 <TOTAL-ASSETS> 17,182,726 <CURRENT-LIABILITIES> 11,345,408 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 67,695 <OTHER-SE> 2,071,483 <TOTAL-LIABILITY-AND-EQUITY> 17,182,726 <SALES> 919,911 <TOTAL-REVENUES> 1,070,968 <CGS> 345,772 <TOTAL-COSTS> 345,772 <OTHER-EXPENSES> 2,417,382 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 580,341 <INCOME-PRETAX> (2,272,527) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,272,527) <EPS-PRIMARY> (0.315) <EPS-DILUTED> (0.315)