<TABLE> <S> <C>
                                         
<ARTICLE>                                                         5
<MULTIPLIER>                                                      1
                                               
<S>                                                                                        <C>
<PERIOD-TYPE>                                                                                 3-MOS
<FISCAL-YEAR-END>                                                                       DEC-31-1997
<PERIOD-START>                                                                          JAN-01-1998
<PERIOD-END>                                                                            MAR-31-1998
<CASH>                                                                              12,452,077
<SECURITIES>                                                                                 0
<RECEIVABLES>                                                                        4,990,801
<ALLOWANCES>                                                                                 0
<INVENTORY>                                                                                  0
<CURRENT-ASSETS>                                                                    18,421,277
<PP&E>                                                                              26,106,375
<DEPRECIATION>                                                                       6,566,158
<TOTAL-ASSETS>                                                                      98,187,175
<CURRENT-LIABILITIES>                                                               45,502,483
<BONDS>                                                                                      0
<PREFERRED-MANDATORY>                                                                        0
<PREFERRED>                                                                             30,341
<COMMON>                                                                                49,060
<OTHER-SE>                                                                          25,135,112
<TOTAL-LIABILITY-AND-EQUITY>                                                        98,187,175
<SALES>                                                                                      0
<TOTAL-REVENUES>                                                                     5,659,776
<CGS>                                                                                        0
<TOTAL-COSTS>                                                                        6,681,108
<OTHER-EXPENSES>                                                                             0
<LOSS-PROVISION>                                                                             0
<INTEREST-EXPENSE>                                                                   1,519,598
<INCOME-PRETAX>                                                                     (1,021,332)
<INCOME-TAX>                                                                          (487,038)
<INCOME-CONTINUING>                                                                   (534,294)
<DISCONTINUED>                                                                               0
<EXTRAORDINARY>                                                                              0
<CHANGES>                                                                                    0
<NET-INCOME>                                                                          (534,294)
<EPS-PRIMARY>                                                                            (0.13)
<EPS-DILUTED>                                                                             0.00
        
 

</TABLE>