<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> SEP-30-1999 <CASH> 633,780 <SECURITIES> 0 <RECEIVABLES> 1,722,632 <ALLOWANCES> 71,358 <INVENTORY> 0 <CURRENT-ASSETS> 2,302,740 <PP&E> 68,492,004 <DEPRECIATION> 25,562,268 <TOTAL-ASSETS> 45,494,456 <CURRENT-LIABILITIES> 1,654,023 <BONDS> 18,815,889 <PREFERRED-MANDATORY> 0 <PREFERRED> 97,450 <COMMON> 183,319 <OTHER-SE> 24,743,775 <TOTAL-LIABILITY-AND-EQUITY> 45,494,456 <SALES> 0 <TOTAL-REVENUES> 6,246,264 <CGS> 0 <TOTAL-COSTS> 5,589,342 <OTHER-EXPENSES> (196,475) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,108,294 <INCOME-PRETAX> (254,897) <INCOME-TAX> 0 <INCOME-CONTINUING> (254,897) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (254,897) <EPS-BASIC> (.039) <EPS-DILUTED> (.039)