<ARTICLE> 5 <PERIOD-TYPE> 6-MOS 6-MOS <FISCAL-YEAR-END> DEC-31-1999 DEC-31-1998 <PERIOD-START> JAN-01-1999 JAN-01-1998 <PERIOD-END> JUN-30-1999 JUN-30-1998 <CASH> 556,000 121,000 <SECURITIES> 0 0 <RECEIVABLES> 13,000 445,000 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 1,240,000 1,398,000 <PP&E> 35,614,000 32,354,000 <DEPRECIATION> 28,000 17,000 <TOTAL-ASSETS> 37,886,000 34,324,000 <CURRENT-LIABILITIES> 6,768,000 1,685,000 <BONDS> 0 0 <PREFERRED-MANDATORY> 5,025,000 4,850,000 <PREFERRED> 0 0 <COMMON> 0 0 <OTHER-SE> 25,883,000 27,579,000 <TOTAL-LIABILITY-AND-EQUITY> 37,886,000 34,324,000 <SALES> 0 0 <TOTAL-REVENUES> 857,000 450,000 <CGS> 0 0 <TOTAL-COSTS> 1,269,000 1,636,000 <OTHER-EXPENSES> 1,060,000 690,000 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 167,000 63,000 <INCOME-PRETAX> (1,639,000) (1,939,000) <INCOME-TAX> 0 0 <INCOME-CONTINUING> (1,639,000) (1,939,000) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (1,639,000) (1,939,000) <EPS-BASIC> (1.86) (2.36) <EPS-DILUTED> (1.86) (2.36)