<ARTICLE> 5 <MULTIPLIER> 1 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUN-30-1999 <PERIOD-START> JUL-01-1998 <PERIOD-END> SEP-30-1998 <EXCHANGE-RATE> 1 <CASH> 10,986,382 <SECURITIES> 2,047,015 <RECEIVABLES> 1,417,392 <ALLOWANCES> 0 <INVENTORY> 175,013 <CURRENT-ASSETS> 14,891,936 <PP&E> 40,671,395 <DEPRECIATION> 18,680,256 <TOTAL-ASSETS> 38,641,265 <CURRENT-LIABILITIES> 3,378,946 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 250,325 <OTHER-SE> 16,331,775 <TOTAL-LIABILITY-AND-EQUITY> 38,641,265 <SALES> 2,890,011 <TOTAL-REVENUES> 3,200,180 <CGS> 0 <TOTAL-COSTS> 3,393,564 <OTHER-EXPENSES> 28,217 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 4,536 <INCOME-PRETAX> (226,137) <INCOME-TAX> (52,835) <INCOME-CONTINUING> (173,302) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (173,302) <EPS-PRIMARY> (0.01) <EPS-DILUTED> (0.01)