<ARTICLE> 5 <MULTIPLIER> 1 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1997 <CASH> 14,224 <SECURITIES> 0 <RECEIVABLES> 43,311 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 57,535 <PP&E> 5,847,010 <DEPRECIATION> 1,807,667 <TOTAL-ASSETS> 4,323,633 <CURRENT-LIABILITIES> 43,178 <BONDS> 3,242,229 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 63,610 <OTHER-SE> 974,616 <TOTAL-LIABILITY-AND-EQUITY> 4,323,633 <SALES> 90,228 <TOTAL-REVENUES> 90,228 <CGS> 0 <TOTAL-COSTS> 246,021 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 165,261 <INCOME-PRETAX> (465,727) <INCOME-TAX> 0 <INCOME-CONTINUING> (465,727) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (465,727) <EPS-PRIMARY> (.07) <EPS-DILUTED> (.07)