<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 731,529 <SECURITIES> 0 <RECEIVABLES> 907,862 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,663,676 <PP&E> 4,212,628 <DEPRECIATION> 2,070,480 <TOTAL-ASSETS> 4,885,124 <CURRENT-LIABILITIES> 1,410,852 <BONDS> 0 <COMMON> 237,945 <PREFERRED-MANDATORY> 0 <PREFERRED> 2,985,636 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 4,885,124 <SALES> 1,542,844 <TOTAL-REVENUES> 1,542,844 <CGS> 0 <TOTAL-COSTS> 771,324 <OTHER-EXPENSES> 494,753 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 127,904 <INCOME-PRETAX> 159,272 <INCOME-TAX> 1,070,000 <INCOME-CONTINUING> 1,229,272 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,229,272 <EPS-PRIMARY> .05 <EPS-DILUTED> .02