<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the contained quarterly 10-Q and is qualified in its entirety by reference to such Form 10-Q. </LEGEND> <MULTIPLIER> 1 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> Jul-31-2000 <PERIOD-START> Aug-01-1999 <PERIOD-END> Jan-31-2000 <CASH> 1,759,819 <SECURITIES> 40,805 <RECEIVABLES> 138,072 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,935,587 <PP&E> 52,212,086 <DEPRECIATION> 23,088,596 <TOTAL-ASSETS> 41,754,896 <CURRENT-LIABILITIES> 2,025,556 <BONDS> 0 <COMMON> 2,178,297 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 29,191,037 <TOTAL-LIABILITY-AND-EQUITY> 41,754,896 <SALES> 0 <TOTAL-REVENUES> 5,432,076 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 4,454,268 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 319,140 <INCOME-PRETAX> 792,857 <INCOME-TAX> 301,000 <INCOME-CONTINUING> 491,857 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 491,857 <EPS-BASIC> 0.23 <EPS-DILUTED> 0