<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS RESTATED SUMMARY FINANCIAL INFORMATION AS REQUIRED BY THE S.E.C. FOR THE 1ST QUARTER OF 1997. </LEGEND> <RESTATED> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 724,770 <SECURITIES> 0 <RECEIVABLES> 710,272 <ALLOWANCES> 0 <INVENTORY> 29,120 <CURRENT-ASSETS> 1,563,875 <PP&E> 25,271,519 <DEPRECIATION> 4,621,717 <TOTAL-ASSETS> 23,832,948 <CURRENT-LIABILITIES> 641,442 <BONDS> 2,060,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 668,191 <OTHER-SE> 19,052,980 <TOTAL-LIABILITY-AND-EQUITY> 23,832,948 <SALES> 142,595 <TOTAL-REVENUES> 1,158,820 <CGS> 279,369 <TOTAL-COSTS> 942,229 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 56,433 <INCOME-PRETAX> 187,498 <INCOME-TAX> 73,154 <INCOME-CONTINUING> 114,344 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 114,344 <EPS-PRIMARY> 0.03 <EPS-DILUTED> 0.03