<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-1-1996 <PERIOD-END> SEP-30-1996 <CASH> 10,084,062 <SECURITIES> 0 <RECEIVABLES> 4,000,430 <ALLOWANCES> 35,900 <INVENTORY> 142,023 <CURRENT-ASSETS> 14,238,441 <PP&E> 148,704,766 <DEPRECIATION> 37,601,185 <TOTAL-ASSETS> 130,440,088 <CURRENT-LIABILITIES> 6,555,991 <BONDS> 85,000,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 457 <COMMON> 58,050 <OTHER-SE> 36,362,080 <TOTAL-LIABILITY-AND-EQUITY> 130,440,088 <SALES> 0 <TOTAL-REVENUES> 11,909,058 <CGS> 0 <TOTAL-COSTS> 9,314,512 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,141,816 <INCOME-PRETAX> 155,674 <INCOME-TAX> 0 <INCOME-CONTINUING> 180,788 <DISCONTINUED> 0 <EXTRAORDINARY> 426,839 <CHANGES> 0 <NET-INCOME> (520,497) <EPS-PRIMARY> .09 <EPS-DILUTED> .09