<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> JUN-30-1996 <PERIOD-START> JUL-01-1995 <PERIOD-END> MAR-31-1996 <CASH> 332,035 <SECURITIES> 0 <RECEIVABLES> 573,468 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,171,495 <PP&E> 13,262,389 <DEPRECIATION> 5,947,951 <TOTAL-ASSETS> 15,957,925 <CURRENT-LIABILITIES> 5,106,192 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 272,500 <OTHER-SE> (6,820,631) <TOTAL-LIABILITY-AND-EQUITY> 15,957,925 <SALES> 0 <TOTAL-REVENUES> 8,087,684 <CGS> 0 <TOTAL-COSTS> 5,409,097 <OTHER-EXPENSES> 2,907,740 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 806,277 <INCOME-PRETAX> (533,407) <INCOME-TAX> 0 <INCOME-CONTINUING> (533,407) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (533,407) <EPS-PRIMARY> (.02) <EPS-DILUTED> (.02)