<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
MARCH 31, 1997 10Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                      13,966,007
<SECURITIES>                                         0
<RECEIVABLES>                                1,985,813
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            16,801,095
<PP&E>                                      36,447,571
<DEPRECIATION>                               8,216,184
<TOTAL-ASSETS>                              46,857,163
<CURRENT-LIABILITIES>                        6,666,978
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        56,840
<OTHER-SE>                                  24,072,788
<TOTAL-LIABILITY-AND-EQUITY>                46,857,163
<SALES>                                      6,239,307
<TOTAL-REVENUES>                             6,341,375
<CGS>                                                0
<TOTAL-COSTS>                                4,486,962
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             602,645
<INCOME-PRETAX>                              1,251,768
<INCOME-TAX>                                   490,000
<INCOME-CONTINUING>                            761,768
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                181,000
<CHANGES>                                            0
<NET-INCOME>                                   580,768
<EPS-PRIMARY>                                      .12
<EPS-DILUTED>                                        0