<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <CASH> 4,270,688 <SECURITIES> 0 <RECEIVABLES> 205,350 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,476,038 <PP&E> 19,600,065 <DEPRECIATION> 4,241,900 <TOTAL-ASSETS> 19,834,203 <CURRENT-LIABILITIES> 152,296 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 64,628 <TOTAL-LIABILITY-AND-EQUITY> 19,834,203 <SALES> 2,306,202 <TOTAL-REVENUES> 2,479,904 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,329,053 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,076,798 <INCOME-PRETAX> (925,947) <INCOME-TAX> 0 <INCOME-CONTINUING> (925,947) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (925,947) <EPS-PRIMARY> 0 <EPS-DILUTED> 0