<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUN-30-1997 <PERIOD-END> SEP-30-1996 <CASH> 6,015,268 <SECURITIES> 2,716,751 <RECEIVABLES> 12,795,471 <ALLOWANCES> 160,684 <INVENTORY> 0 <CURRENT-ASSETS> 24,025,633 <PP&E> 77,636,155 <DEPRECIATION> 22,324,940 <TOTAL-ASSETS> 81,072,544 <CURRENT-LIABILITIES> 19,532,512 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 32,058 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 81,072,544 <SALES> 27,562,855 <TOTAL-REVENUES> 27,562,855 <CGS> 0 <TOTAL-COSTS> 25,866,378 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 936,315 <INCOME-PRETAX> 836,531 <INCOME-TAX> 322,000 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 514,531 <EPS-PRIMARY> 0 <EPS-DILUTED> .16