<TABLE> <S> <C>
                                         
<ARTICLE>                                                         5
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<S>                                                                                        <C>
<PERIOD-TYPE>                                                                                 6-MOS
<FISCAL-YEAR-END>                                                                       DEC-31-1998
<PERIOD-START>                                                                          JAN-01-1998
<PERIOD-END>                                                                            JUN-30-1998
<CASH>                                                                              13,087,320
<SECURITIES>                                                                                 0
<RECEIVABLES>                                                                        6,642,196
<ALLOWANCES>                                                                                 0
<INVENTORY>                                                                                  0
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<PP&E>                                                                              29,891,550
<DEPRECIATION>                                                                       6,724,128
<TOTAL-ASSETS>                                                                     104,693,350
<CURRENT-LIABILITIES>                                                               48,815,267
<BONDS>                                                                                      0
<PREFERRED-MANDATORY>                                                                        0
<PREFERRED>                                                                             30,004
<COMMON>                                                                                49,431
<OTHER-SE>                                                                          24,098,577
<TOTAL-LIABILITY-AND-EQUITY>                                                       104,693,350
<SALES>                                                                                      0
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<CGS>                                                                                        0
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<OTHER-EXPENSES>                                                                             0
<LOSS-PROVISION>                                                                             0
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<INCOME-PRETAX>                                                                     (2,556,418)
<INCOME-TAX>                                                                          (985,622)
<INCOME-CONTINUING>                                                                 (1,570,796)
<DISCONTINUED>                                                                               0
<EXTRAORDINARY>                                                                              0
<CHANGES>                                                                                    0
<NET-INCOME>                                                                        (1,570,796)
<EPS-PRIMARY>                                                                            (0.37)
<EPS-DILUTED>                                                                             0.00
        
 

</TABLE>