<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AER ENERGY
RESOURCES, INC.'S CONDENSED FINANCIAL STATEMENTS AS OF AND FOR THE THREE MONTHS
ENDED MARCH 31, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               MAR-31-1999
<CASH>                                         977,202
<SECURITIES>                                 3,256,117
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                     56,430
<CURRENT-ASSETS>                             4,391,422
<PP&E>                                       3,984,499
<DEPRECIATION>                               3,120,641
<TOTAL-ASSETS>                               5,272,121
<CURRENT-LIABILITIES>                          741,870
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                    66,593,140
<OTHER-SE>                                 (62,673,827)
<TOTAL-LIABILITY-AND-EQUITY>                 5,272,121
<SALES>                                              0
<TOTAL-REVENUES>                               482,813
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                             1,678,813
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                             (1,140,561)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                         (1,140,561)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                (1,140,561)
<EPS-PRIMARY>                                    (0.05)
<EPS-DILUTED>                                    (0.05)