<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)