<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> DEC-31-1999 <CASH> 2,742 <SECURITIES> 0 <RECEIVABLES> 4,945 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 8,264 <PP&E> 113,752 <DEPRECIATION> 0 <TOTAL-ASSETS> 125,683 <CURRENT-LIABILITIES> 17,744 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 145 <OTHER-SE> 8,853 <TOTAL-LIABILITY-AND-EQUITY> 125,683 <SALES> 14,992 <TOTAL-REVENUES> 15,277 <CGS> 0 <TOTAL-COSTS> 3,227 <OTHER-EXPENSES> 11,799 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 9,697 <INCOME-PRETAX> (21,628) <INCOME-TAX> 0 <INCOME-CONTINUING> (21,628) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (21,628) <EPS-BASIC> (1.53) <EPS-DILUTED> (1.53)