<ARTICLE> 5 <LEGEND> (This schedule contains summary financial information extracted from this July 31, 1997 Form 10-QSB.) </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> JAN-31-1998 <PERIOD-END> JUL-31-1997 <CASH> 309867 <SECURITIES> 0 <RECEIVABLES> 986521 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1429404 <PP&E> 28511908 <DEPRECIATION> (5362309) <TOTAL-ASSETS> 26100862 <CURRENT-LIABILITIES> 5911409 <BONDS> 9861499 <PREFERRED-MANDATORY> 10012593 <PREFERRED> 0 <COMMON> 58477 <OTHER-SE> (1001030) <TOTAL-LIABILITY-AND-EQUITY> 26100862 <SALES> 3738565 <TOTAL-REVENUES> 3738565 <CGS> 3140040 <TOTAL-COSTS> 3944633 <OTHER-EXPENSES> 804593 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 546250 <INCOME-PRETAX> (710585) <INCOME-TAX> 59018 <INCOME-CONTINUING> (769603) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (769603) <EPS-PRIMARY> (.20) <EPS-DILUTED> (.20)