<ARTICLE> 5 <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <PERIOD-TYPE> YEAR <CASH> 74,232 <SECURITIES> 0 <RECEIVABLES> 2,089,529 <ALLOWANCES> 0 <INVENTORY> 54,429 <CURRENT-ASSETS> 2,305,440 <PP&E> 6,490,368 <DEPRECIATION> 1,331,640 <TOTAL-ASSETS> 15,526,268 <CURRENT-LIABILITIES> 1,973,044 <BONDS> 2,726,135 <COMMON> 6,003,871 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 2,824,571 <TOTAL-LIABILITY-AND-EQUITY> 15,526,268 <SALES> 225,468 <TOTAL-REVENUES> 4,396,435 <CGS> 0 <TOTAL-COSTS> 4,308,860 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 417,536 <INCOME-PRETAX> 87,575 <INCOME-TAX> (44,998) <INCOME-CONTINUING> 42,577 <DISCONTINUED> 0 <EXTRAORDINARY> (12,134) <CHANGES> 0 <NET-INCOME> 30,443 <EPS-PRIMARY> (.04) <EPS-DILUTED> (.01)