<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> Oct-31-1999 <CASH> 2,022,942 <SECURITIES> 40,394 <RECEIVABLES> 309,226 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,986,167 <PP&E> 51,858,210 <DEPRECIATION> 22,839,955 <TOTAL-ASSETS> 41,829,918 <CURRENT-LIABILITIES> 1,995,288 <BONDS> 0 <COMMON> 2,178,297 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 41,829,918 <SALES> 0 <TOTAL-REVENUES> 2,704,905 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,147,396 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 160,404 <INCOME-PRETAX> 461,500 <INCOME-TAX> 167,000 <INCOME-CONTINUING> 294,500 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 294,500 <EPS-BASIC> 0.14 <EPS-DILUTED> .00