<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> DEC-31-1997 <CASH> 682,000 <SECURITIES> 55,000 <RECEIVABLES> 2,268,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3,056,000 <PP&E> 11,722,000 <DEPRECIATION> 2,348,000 <TOTAL-ASSETS> 12,931,000 <CURRENT-LIABILITIES> 3,825,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 97,000 <OTHER-SE> 7,477,000 <TOTAL-LIABILITY-AND-EQUITY> 12,931,000 <SALES> 2,476,000 <TOTAL-REVENUES> 2,559,000 <CGS> 0 <TOTAL-COSTS> 6,726,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 203,000 <INCOME-PRETAX> (4,168,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (4,168,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (4,168,000) <EPS-PRIMARY> (.57) <EPS-DILUTED> (.57)