<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE AUDITED
BALANCE SHEET AND STATEMENT OF OPERATIONS OF AER ENERGY RESOURCES, INC. AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FORM 10K FOR THE YEAR ENDED
DECEMBER 31, 1998.
</LEGEND>
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                       4,249,868
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                     52,729
<CURRENT-ASSETS>                             4,354,011
<PP&E>                                       3,970,689
<DEPRECIATION>                               3,006,211
<TOTAL-ASSETS>                               5,335,380
<CURRENT-LIABILITIES>                          284,990
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                    66,593,140
<OTHER-SE>                                 (61,542,800)
<TOTAL-LIABILITY-AND-EQUITY>                 5,335,330
<SALES>                                          1,636
<TOTAL-REVENUES>                               351,636
<CGS>                                            1,405
<TOTAL-COSTS>                                    1,405
<OTHER-EXPENSES>                             7,360,058
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                             (6,631,509)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                         (6,631,509)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                (6,631,509)
<EPS-PRIMARY>                                    (0.27)
<EPS-DILUTED>                                        0