<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> DEC-31-1997 <CASH> 1,701 <SECURITIES> 0 <RECEIVABLES> 4,909 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 6,890 <PP&E> 85,533 <DEPRECIATION> 0 <TOTAL-ASSETS> 92,519 <CURRENT-LIABILITIES> 15,513 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 123 <OTHER-SE> 43,190 <TOTAL-LIABILITY-AND-EQUITY> 92,519 <SALES> 9,184 <TOTAL-REVENUES> 9,821 <CGS> 0 <TOTAL-COSTS> 1,700 <OTHER-EXPENSES> 7,007 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,045 <INCOME-PRETAX> 69 <INCOME-TAX> 1,186 <INCOME-CONTINUING> (1,117) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,117) <EPS-PRIMARY> (.10) <EPS-DILUTED> (.10)