<ARTICLE> 5 <PERIOD-TYPE> 12-MOS 12-MOS <FISCAL-YEAR-END> DEC-31-1999 DEC-31-1998 <PERIOD-END> DEC-31-1999 DEC-31-1998 <CASH> 23,000 121,000 <SECURITIES> 0 0 <RECEIVABLES> 23,000 445,000 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 735,000 1,398,000 <PP&E> 38,251,000 32,354,000 <DEPRECIATION> 39,000 17,000 <TOTAL-ASSETS> 41,303,000 34,324,000 <CURRENT-LIABILITIES> 3,676,000 1,685,000 <BONDS> 0 0 <PREFERRED-MANDATORY> 5,200,000 4,850,000 <PREFERRED> 0 0 <COMMON> 0 0 <OTHER-SE> 22,851,000 27,579,000 <TOTAL-LIABILITY-AND-EQUITY> 41,303,000 34,324,000 <SALES> 0 0 <TOTAL-REVENUES> 924,000 662,000 <CGS> 0 0 <TOTAL-COSTS> (2,423,000) (3,031,000) <OTHER-EXPENSES> (3,141,000) (1,456,000) <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> (523,000) (205,000) <INCOME-PRETAX> (5,163,000) (4,030,000) <INCOME-TAX> 0 0 <INCOME-CONTINUING> (5,163,000) (4,030,000) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 (236,000) <CHANGES> 0 0 <NET-INCOME> (5,163,000) (4,266,000) <EPS-BASIC> (5.28) (4.75) <EPS-DILUTED> (5.28) (4.75)