<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the 1998
Form 10-K and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
       
                                                                
<PERIOD-TYPE>                                12-MOS                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998             DEC-31-1997
<PERIOD-END>                               DEC-31-1998             DEC-31-1997
<CASH>                                         121,000               3,423,000
<SECURITIES>                                         0                       0
<RECEIVABLES>                                  445,000                 102,000
<ALLOWANCES>                                         0                       0
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                             1,398,000               3,587,000
<PP&E>                                      32,354,000              19,935,000
<DEPRECIATION>                                  17,000                   3,000
<TOTAL-ASSETS>                              34,324,000              23,519,000
<CURRENT-LIABILITIES>                        1,685,000                 231,000
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                        4,850,000               4,500,000
<PREFERRED>                                          0                       0
<COMMON>                                     5,837,000               4,971,000
<OTHER-SE>                                  21,742,000              13,607,000
<TOTAL-LIABILITY-AND-EQUITY>                34,324,000              23,519,000
<SALES>                                              0                       0
<TOTAL-REVENUES>                             1,184,000                 421,000
<CGS>                                                0                       0
<TOTAL-COSTS>                                3,031,000               1,661,000
<OTHER-EXPENSES>                             1,978,000                 851,000
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                             205,000                 298,000
<INCOME-PRETAX>                            (4,030,000)             (2,389,000)
<INCOME-TAX>                                         0                       0
<INCOME-CONTINUING>                        (4,030,000)             (2,389,000)
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                              (236,000)               (214,000)
<CHANGES>                                            0                       0
<NET-INCOME>                               (4,266,000)             (2,603,000)
<EPS-PRIMARY>                                    (.09)                   (.06)
<EPS-DILUTED>                                    (.09)                   (.06)