WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. <ARTICLE> 5 <LEGEND> (Replace this text with the legend) </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 324,981 <SECURITIES> 0 <RECEIVABLES> 3,461,648 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,455,816 <PP&E> 114,331,942 <DEPRECIATION> 66,031,078 <TOTAL-ASSETS> 53,076,104 <CURRENT-LIABILITIES> 1,724,640 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 12,780,040 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 53,076,104 <SALES> 3,500,460 <TOTAL-REVENUES> 3,577,445 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 4,220,877 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 279,534 <INCOME-PRETAX> (922,966) <INCOME-TAX> (280,960) <INCOME-CONTINUING> (642,006) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (642,006) <EPS-PRIMARY> $(.05) <EPS-DILUTED> $(.05)>