<ARTICLE> 5 <MULTIPLIER> 1 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <CASH> 31,747 <SECURITIES> 0 <RECEIVABLES> 58,383 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 90,130 <PP&E> 5,844,189 <DEPRECIATION> 1,584,507 <TOTAL-ASSETS> 4,594,108 <CURRENT-LIABILITIES> 28,558 <BONDS> 3,557,726 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 53,062 <OTHER-SE> 954,762 <TOTAL-LIABILITY-AND-EQUITY> 4,594,108 <SALES> 46,687 <TOTAL-REVENUES> 46,687 <CGS> 0 <TOTAL-COSTS> 116,440 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 88,595 <INCOME-PRETAX> (235,189) <INCOME-TAX> 0 <INCOME-CONTINUING> (235,189) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (235,189) <EPS-PRIMARY> (.04) <EPS-DILUTED> (.04)