<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 1,187,656 <SECURITIES> 0 <RECEIVABLES> 1,421,964 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 6,724,714 <PP&E> 85,747,181 <DEPRECIATION> 24,504,539 <TOTAL-ASSETS> 64,988,032 <CURRENT-LIABILITIES> 11,928,852 <BONDS> 0 <PREFERRED-MANDATORY> 30,730,695 <PREFERRED> 0 <COMMON> 103,750 <OTHER-SE> 11,071,735 <TOTAL-LIABILITY-AND-EQUITY> 64,988,032 <SALES> 7,858,502 <TOTAL-REVENUES> 7,858,502 <CGS> 27,026,591 <TOTAL-COSTS> 27,026,591 <OTHER-EXPENSES> 2,667,234 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 8,587 <INCOME-PRETAX> (21,550,174) <INCOME-TAX> (2,218,027) <INCOME-CONTINUING> (19,332,147) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (19,332,147) <EPS-PRIMARY> (2.15) <EPS-DILUTED> (2.15)