<ARTICLE> 5 <CURRENCY> U.S. Dollars <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> Dec-31-1997 <PERIOD-START> Jan-01-1997 <PERIOD-END> Mar-31-1997 <EXCHANGE-RATE> 1 <CASH> 53,352 <SECURITIES> 0 <RECEIVABLES> 478,162 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,052,736 <PP&E> 9,700,703 <DEPRECIATION> 859,025 <TOTAL-ASSETS> 9,960,414 <CURRENT-LIABILITIES> 1,474,179 <BONDS> 5,819,811 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,929 <OTHER-SE> 2,663,495 <TOTAL-LIABILITY-AND-EQUITY> 9,960,414 <SALES> 0 <TOTAL-REVENUES> 1,190,963 <CGS> 0 <TOTAL-COSTS> 971,115 <OTHER-EXPENSES> 98,018 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 153,251 <INCOME-PRETAX> (31,421) <INCOME-TAX> 0 <INCOME-CONTINUING> (31,421) <DISCONTINUED> (2,529) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (33,950) <EPS-PRIMARY> (0.01) <EPS-DILUTED> (0.01)