<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <CASH> 3,713,566 <SECURITIES> 582,623 <RECEIVABLES> 1,482,806 <ALLOWANCES> 0 <INVENTORY> 956,590 <CURRENT-ASSETS> 7,072,381 <PP&E> 98,073,350 <DEPRECIATION> (59,059,968) <TOTAL-ASSETS> 49,695,739 <CURRENT-LIABILITIES> 4,940,996 <BONDS> 6,189,007 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 12,205 <OTHER-SE> 49,683,534 <TOTAL-LIABILITY-AND-EQUITY> 49,695,739 <SALES> 23,347,314 <TOTAL-REVENUES> 23,347,314 <CGS> 44,398,611 <TOTAL-COSTS> 47,128,080 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 152,009 <INCOME-PRETAX> (23,724,821) <INCOME-TAX> (4,745,000) <INCOME-CONTINUING> (18,979,821) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (18,979,821) <EPS-PRIMARY> (1.57) <EPS-DILUTED> (1.57)