<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> JUN-30-2000 <CASH> 310,000 <SECURITIES> 1,853,000 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,731,000 <PP&E> 15,875,000 <DEPRECIATION> 3,232,000 <TOTAL-ASSETS> 17,568,000 <CURRENT-LIABILITIES> 1,207,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 4,770,000 <COMMON> 1,000 <OTHER-SE> 274,000 <TOTAL-LIABILITY-AND-EQUITY> 17,568,000 <SALES> 0 <TOTAL-REVENUES> 90,000 <CGS> 0 <TOTAL-COSTS> 2,947,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 982,000 <INCOME-PRETAX> (3,839,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (3,839,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (3,839,000) <EPS-BASIC> (.44) <EPS-DILUTED> (.44)