<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL STATEMENTS - BALANCE SHEETS AT JUNE 30, 1998 (UNAUDITED) AND THE STATEMENTS OF OPERATIONS AT JUNE 30, 1998 (UNAUDITED) AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 2,061,612 <SECURITIES> 0 <RECEIVABLES> 3,193,811 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 7,641,959 <PP&E> 92,635,894 <DEPRECIATION> (32,404,946) <TOTAL-ASSETS> 68,242,662 <CURRENT-LIABILITIES> 7,240,951 <BONDS> 26,628,604 <PREFERRED-MANDATORY> 0 <PREFERRED> 3,627,000 <COMMON> 171,047 <OTHER-SE> 38,272,126 <TOTAL-LIABILITY-AND-EQUITY> 68,242,662 <SALES> 7,116,918 <TOTAL-REVENUES> 7,564,994 <CGS> 3,605,015 <TOTAL-COSTS> 3,605,015 <OTHER-EXPENSES> 6,448,374 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 812,841 <INCOME-PRETAX> (3,301,236) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,148,628) <EPS-PRIMARY> (.28) <EPS-DILUTED> (.28)