<ARTICLE> 5 <PERIOD-TYPE> 9-MOS 9-MOS <FISCAL-YEAR-END> DEC-31-1999 DEC-31-1998 <PERIOD-END> SEP-30-1999 SEP-30-1998 <CASH> 21,000 121,000 <SECURITIES> 0 0 <RECEIVABLES> 30,000 445,000 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 764,000 1,398,000 <PP&E> 36,287,000 32,354,000 <DEPRECIATION> 33,000 17,000 <TOTAL-ASSETS> 38,078,000 34,324,000 <CURRENT-LIABILITIES> 7,468,000 1,685,000 <BONDS> 0 0 <PREFERRED-MANDATORY> 5,113,000 4,850,000 <PREFERRED> 0 0 <COMMON> 0 0 <OTHER-SE> 25,287,000 27,579,000 <TOTAL-LIABILITY-AND-EQUITY> 38,078,000 34,324,000 <SALES> 0 0 <TOTAL-REVENUES> 1,308,000 805,000 <CGS> 0 0 <TOTAL-COSTS> 1,652,000 2,213,000 <OTHER-EXPENSES> 1,536,000 1,223,000 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 309,000 189,000 <INCOME-PRETAX> (2,189,000) (2,820,000) <INCOME-TAX> 0 0 <INCOME-CONTINUING> (2,189,000) (2,820,000) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (2,189,000) (2,189,000) <EPS-BASIC> (2.51) (3.58) <EPS-DILUTED> (2,51) (3.58)