<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 20,654,013 <SECURITIES> 2,768,646 <RECEIVABLES> 12,732,595 <ALLOWANCES> 897,487 <INVENTORY> 0 <CURRENT-ASSETS> 36,152,562 <PP&E> 52,578,854 <DEPRECIATION> 25,681,974 <TOTAL-ASSETS> 110,894,034 <CURRENT-LIABILITIES> 20,105,090 <BONDS> 100,000,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 59,871 <OTHER-SE> (11,392,540) <TOTAL-LIABILITY-AND-EQUITY> 110,894,034 <SALES> 0 <TOTAL-REVENUES> 38,211,521 <CGS> 0 <TOTAL-COSTS> 39,974,777 <OTHER-EXPENSES> 452,851 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 8,971,139 <INCOME-PRETAX> (11,401,939) <INCOME-TAX> (11,450,470) <INCOME-CONTINUING> (11,450,470) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (11,450,470) <EPS-PRIMARY> (2.13) <EPS-DILUTED> (2.14)