<ARTICLE> 5
       
                                                               
<PERIOD-TYPE>                                 3-MOS                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998             DEC-31-1997
<PERIOD-END>                               MAR-31-1998             MAR-31-1997
<CASH>                                         593,000               3,423,000
<SECURITIES>                                         0                       0
<RECEIVABLES>                                   34,000                 102,000
<ALLOWANCES>                                         0                       0
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                               690,000               3,587,000
<PP&E>                                      22,603,000              19,935,000
<DEPRECIATION>                                   5,000                   3,000
<TOTAL-ASSETS>                              23,288,000              23,519,000
<CURRENT-LIABILITIES>                          399,000                 231,000
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                        4,525,000               4,500,000
<PREFERRED>                                          0                       0
<COMMON>                                     4,996,000               4,971,000
<OTHER-SE>                                  13,158,000              13,607,000
<TOTAL-LIABILITY-AND-EQUITY>                23,288,000              23,519,000
<SALES>                                              0                       0
<TOTAL-REVENUES>                               202,000                  73,000
<CGS>                                                0                       0
<TOTAL-COSTS>                                  882,000                 220,000
<OTHER-EXPENSES>                               332,000                 174,000
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                                   0                  70,000
<INCOME-PRETAX>                            (1,012,000)               (427,000)
<INCOME-TAX>                                         0                       0
<INCOME-CONTINUING>                        (1,012,000)               (391,000)
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                (36,000)
<CHANGES>                                            0                       0
<NET-INCOME>                               (1,012,000)               (427,000)
<EPS-PRIMARY>                                    (.02)                  (.011)
<EPS-DILUTED>                                    (.02)                  (.011)