<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUN-30-2000 <PERIOD-END> DEC-31-1999 <CASH> 580,182 <SECURITIES> 180 <RECEIVABLES> 163,297 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 763,490 <PP&E> 24,050,885 <DEPRECIATION> 317,783 <TOTAL-ASSETS> 24,501,692 <CURRENT-LIABILITIES> 1,664,003 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 442 <COMMON> 33,314 <OTHER-SE> 21,699,754 <TOTAL-LIABILITY-AND-EQUITY> 24,501,692 <SALES> 476,763 <TOTAL-REVENUES> 480,156 <CGS> 181,204 <TOTAL-COSTS> 470,889 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 652 <INCOME-PRETAX> 178,071 <INCOME-TAX> 0 <INCOME-CONTINUING> 178,071 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 178,071 <EPS-BASIC> .005 <EPS-DILUTED> .005