<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1997 <CASH> 2,581,911 <SECURITIES> 0 <RECEIVABLES> 219,103 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,877,833 <PP&E> 19,458,736 <DEPRECIATION> (3,748,210) <TOTAL-ASSETS> 18,588,359 <CURRENT-LIABILITIES> 138,104 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 1,337,466 <TOTAL-LIABILITY-AND-EQUITY> 18,588,359 <SALES> 1,994,399 <TOTAL-REVENUES> 2,072,889 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,123,693 <LOSS-PROVISION> 6,475,000 <INTEREST-EXPENSE> 1,365,665 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> (6,891,969) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (6,891,969) <EPS-PRIMARY> (70.73) <EPS-DILUTED> (70.73)