<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE JUNE 30, 1996 10Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <CASH> 3,830,495 <SECURITIES> 0 <RECEIVABLES> 1,402,074 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 6,002,309 <PP&E> 27,682,778 <DEPRECIATION> 6,655,058 <TOTAL-ASSETS> 28,884,432 <CURRENT-LIABILITIES> 6,100,351 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 31,201 <OTHER-SE> 7,335,750 <TOTAL-LIABILITY-AND-EQUITY> 28,884,432 <SALES> 8,724,606 <TOTAL-REVENUES> 8,808,876 <CGS> 0 <TOTAL-COSTS> 6,372,957 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 946,443 <INCOME-PRETAX> 1,489,476 <INCOME-TAX> 469,000 <INCOME-CONTINUING> 1,020,476 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,020,476 <EPS-PRIMARY> .29 <EPS-DILUTED> 0