<ARTICLE> 5 <MULTIPLIER> 1 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1998 <CASH> 230,591 <SECURITIES> 2,289,644 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 234,072 <PP&E> 28,973,664 <DEPRECIATION> 9,419,798 <TOTAL-ASSETS> 22,109,613 <CURRENT-LIABILITIES> 721,619 <BONDS> 0 <COMMON> 418,616 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 13,867,528 <TOTAL-LIABILITY-AND-EQUITY> 22,109,613 <SALES> 0 <TOTAL-REVENUES> 1,974,421 <CGS> 0 <TOTAL-COSTS> 981,271 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 283,389 <INCOME-PRETAX> 993,150 <INCOME-TAX> 363,500 <INCOME-CONTINUING> 629,650 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 629,650 <EPS-PRIMARY> 1.49 <EPS-DILUTED> 1.49