<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> 9-MOS <FISCAL-YEAR-END> Jul-31-1999 <PERIOD-START> Aug-01-1998 <PERIOD-END> Apr-30-1999 <CASH> 1,989,511 <SECURITIES> 139,447 <RECEIVABLES> 252,911 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 50,769,435 <DEPRECIATION> 22,361,703 <TOTAL-ASSETS> 41,783,360 <CURRENT-LIABILITIES> 2,110,798 <BONDS> 0 <COMMON> 2,178,297 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 28,678,540 <TOTAL-LIABILITY-AND-EQUITY> 41,783,360 <SALES> 0 <TOTAL-REVENUES> 7,971,401 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 6,358,997 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 517,963 <INCOME-PRETAX> 1,299,496 <INCOME-TAX> 475,000 <INCOME-CONTINUING> 824,496 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 824,496 <EPS-BASIC> 0.39 <EPS-DILUTED> 0.00