<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 125,832 <SECURITIES> 55,000 <RECEIVABLES> 414,695 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 617,826 <PP&E> 10,781,523 <DEPRECIATION> 4,144,235 <TOTAL-ASSETS> 7,395,914 <CURRENT-LIABILITIES> 7,242,298 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 109,713 <OTHER-SE> 21,312 <TOTAL-LIABILITY-AND-EQUITY> 7,395,914 <SALES> 2,804,749 <TOTAL-REVENUES> 2,867,258 <CGS> 0 <TOTAL-COSTS> 11,931,682 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 568,085 <INCOME-PRETAX> (9,064,424) <INCOME-TAX> 0 <INCOME-CONTINUING> (9,064,424) <DISCONTINUED> 0 <EXTRAORDINARY> (345,905) <CHANGES> 0 <NET-INCOME> (9,410,329) <EPS-PRIMARY> (.95) <EPS-DILUTED> (.95)