<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE SHEETS, MARCH 31, 1996, JUNE 30, 1996 AND SEPTEMBER 30, 1996 UNAUDITED) AND THE STATEMENT OF OPERATIONS FOR THE QUARTERLY PERIOD ENDED (UNAUDITED) AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS INCLUDED AS PART OF ITS QUARTERLY REPORT ON FORM 10-Q FOR THE PERIOD. </LEGEND> <PERIOD-TYPE> 3-MOS 6-MOS 9-MOS <FISCAL-YEAR-END> DEC-31-1996 DEC-31-1996 DEC-31-1996 <PERIOD-START> JAN-01-1996 JAN-01-1996 JAN-01-1996 <PERIOD-END> MAR-31-1996 JUN-30-1996 SEP-30-1996 <CASH> 2,374,560 880,472 805,109 <SECURITIES> 0 0 0 <RECEIVABLES> 6,944 73,743 260,523 <ALLOWANCES> 0 0 0 <INVENTORY> 0 0 0 <CURRENT-ASSETS> 2,381,504 954,215 1,065,632 <PP&E> 3,858,720 18,088,130 23,304,430 <DEPRECIATION> 18,758 176,366 545,765 <TOTAL-ASSETS> 6,340,194 19,651,932 24,901,704 <CURRENT-LIABILITIES> 4,219,128 5,423,527 2,083,862 <BONDS> 0 0 0 <PREFERRED-MANDATORY> 0 0 0 <PREFERRED> 0 0 0 <COMMON> 0 0 0 <OTHER-SE> 2,121,066 14,228,405 22,817,842 <TOTAL-LIABILITY-AND-EQUITY> 6,340,194 19,651,932 24,901,704 <SALES> 0 0 0 <TOTAL-REVENUES> 1,910 210,966 685,769 <CGS> 0 0 0 <TOTAL-COSTS> 0 187,714 603,298 <OTHER-EXPENSES> 0 0 0 <LOSS-PROVISION> 0 0 0 <INTEREST-EXPENSE> 0 0 0 <INCOME-PRETAX> 0 0 0 <INCOME-TAX> 0 0 0 <INCOME-CONTINUING> 0 0 0 <DISCONTINUED> 0 0 0 <EXTRAORDINARY> 0 0 0 <CHANGES> 0 0 0 <NET-INCOME> (16,848) 51,126 123,008 <EPS-PRIMARY> 0 0 0 <EPS-DILUTED> 0 0 0