<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR YEAR YEAR <FISCAL-YEAR-END> DEC-31-1997 DEC-31-1996 DEC-31-1995 <PERIOD-START> JAN-31-1997 JAN-31-1996 JAN-31-1995 <PERIOD-END> DEC-31-1997 DEC-31-1996 DEC-31-1995 <CASH> 1,979 444 9,831 <SECURITIES> 0 0 0 <RECEIVABLES> 18,205 2,806 1,633 <ALLOWANCES> 0 0 0 <INVENTORY> 0 0 0 <CURRENT-ASSETS> 22,100 3,267 11,499 <PP&E> 238,651 113,680 49,217 <DEPRECIATION> 18,002 37 7 <TOTAL-ASSETS> 279,700 123,379 60,877 <CURRENT-LIABILITIES> 16,695 3,417 44,400 <BONDS> 120,000 0 0 <PREFERRED-MANDATORY> 0 0 0 <PREFERRED> 0 0 0 <COMMON> 256 256 0 <OTHER-SE> 73,124 95,464 16,477 <TOTAL-LIABILITY-AND-EQUITY> 279,700 123,379 60,877 <SALES> 35,034 0 0 <TOTAL-REVENUES> 35,465 170 5 <CGS> 0 0 0 <TOTAL-COSTS> 49,928 3,860 1,530 <OTHER-EXPENSES> 11,554 2,268 322 <LOSS-PROVISION> 0 0 0 <INTEREST-EXPENSE> 7,157 806 190 <INCOME-PRETAX> (33,174) (5,958) (2,037) <INCOME-TAX> (10,523) (3,521) 0 <INCOME-CONTINUING> (22,651) (2,437) (2,037) <DISCONTINUED> 0 0 0 <EXTRAORDINARY> 0 0 0 <CHANGES> 0 0 0 <NET-INCOME> (22,651) (2,437) (2,037) <EPS-PRIMARY> (0.88) (0.09) (0.10) <EPS-DILUTED> (0.88) (0.09) (0.10)