<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AER ENERGY RESOURCES, INC. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 14,548,794 <SECURITIES> 0 <RECEIVABLES> 12,955 <ALLOWANCES> 631 <INVENTORY> 275,551 <CURRENT-ASSETS> 153,856 <PP&E> 3,577,055 <DEPRECIATION> 1,627,678 <TOTAL-ASSETS> 16,956,743 <CURRENT-LIABILITIES> 474,160 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 55,911,706 <OTHER-SE> 684,403 <TOTAL-LIABILITY-AND-EQUITY> 16,956,743 <SALES> 14,728 <TOTAL-REVENUES> 14,728 <CGS> 553,672 <TOTAL-COSTS> 553,672 <OTHER-EXPENSES> 1,447,533 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (1,751,103) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,751,103) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,751,103) <EPS-PRIMARY> (0.09) <EPS-DILUTED> (0.09)