<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 320,602 <SECURITIES> 1,168,660 <RECEIVABLES> 132,004 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,621,266 <PP&E> 8,150,111 <DEPRECIATION> 1,473,452 <TOTAL-ASSETS> 9,899,995 <CURRENT-LIABILITIES> 17,270 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 9,899,995 <SALES> 0 <TOTAL-REVENUES> 630,292 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 507,148 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 222,622 <INCOME-PRETAX> (145,721) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (145,721) <EPS-PRIMARY> (6.26) <EPS-DILUTED> 0