<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 1,259,462 <SECURITIES> 0 <RECEIVABLES> 2,823,514 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,198,239 <PP&E> 90,537,955 <DEPRECIATION> (40,254,411) <TOTAL-ASSETS> 54,896,889 <CURRENT-LIABILITIES> 4,452,729 <BONDS> 26,949,567 <PREFERRED-MANDATORY> 0 <PREFERRED> 8,841,238 <COMMON> 37,137,820 <OTHER-SE> (24,900,788) <TOTAL-LIABILITY-AND-EQUITY> 54,896,889 <SALES> 6,672,346 <TOTAL-REVENUES> 7,204,470 <CGS> 3,016,658 <TOTAL-COSTS> 8,969,628 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,021,445 <INCOME-PRETAX> (1,701,385) <INCOME-TAX> (556,010) <INCOME-CONTINUING> (1,145,375) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,431,041) <EPS-BASIC> (0.17) <EPS-DILUTED> (0.17)