<ARTICLE>                               5
<LEGEND>
This schedule contains summary financial information extracted
from the third quarter 10-Q and is qualified in its entirety
by reference to such 10-Q.
</LEGEND>
<MULTIPLIER>                            1
       
                                     
<PERIOD-TYPE>                           9-MOS
<FISCAL-YEAR-END>                       Jul-31-1995
<PERIOD-START>                          Feb-01-1995
<PERIOD-END>                            Apr-30-1995
<CASH>                                      527,722
<SECURITIES>                              3,067,125
<RECEIVABLES>                               181,284
<ALLOWANCES>                                      0
<INVENTORY>                                       0
<CURRENT-ASSETS>                          4,597,467
<PP&E>                                   43,896,322
<DEPRECIATION>                           18,632,058
<TOTAL-ASSETS>                           35,756,222
<CURRENT-LIABILITIES>                     2,418,458
<BONDS>                                           0
<COMMON>                                  2,178,297
<PREFERRED-MANDATORY>                             0
<PREFERRED>                                       0
<OTHER-SE>                               25,242,705
<TOTAL-LIABILITY-AND-EQUITY>             35,756,222
<SALES>                                           0
<TOTAL-REVENUES>                          2,096,545
<CGS>                                             0
<TOTAL-COSTS>                                     0
<OTHER-EXPENSES>                          2,171,884
<LOSS-PROVISION>                                  0
<INTEREST-EXPENSE>                          148,378
<INCOME-PRETAX>                            (150,756)
<INCOME-TAX>                                (40,000)
<INCOME-CONTINUING>                        (110,756)
<DISCONTINUED>                                    0
<EXTRAORDINARY>                                   0
<CHANGES>                                         0
<NET-INCOME>                               (110,756)
<EPS-PRIMARY>                                 (0.05)
<EPS-DILUTED>                                   .00