<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 581,000 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,129,000 <PP&E> 11,209,000 <DEPRECIATION> 203,000 <TOTAL-ASSETS> 21,533,000 <CURRENT-LIABILITIES> 2,814,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,000 <OTHER-SE> 8,635,000 <TOTAL-LIABILITY-AND-EQUITY> 21,532,000 <SALES> 0 <TOTAL-REVENUES> 119,000 <CGS> 0 <TOTAL-COSTS> 2,387,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 74,000 <INCOME-PRETAX> (2,342,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (2,342,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,342,000) <EPS-PRIMARY> (.26) <EPS-DILUTED> (.26)