<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 5,660,354 <SECURITIES> 0 <RECEIVABLES> 3,162,289 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 8,725,616 <PP&E> 34,691,297 <DEPRECIATION> 16,995,329 <TOTAL-ASSETS> 28,143,343 <CURRENT-LIABILITIES> 868,796 <BONDS> 143,050 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 30,891,689 <OTHER-SE> 608,222 <TOTAL-LIABILITY-AND-EQUITY> 28,143,343 <SALES> 0 <TOTAL-REVENUES> 7,649,415 <CGS> 3,599,407 <TOTAL-COSTS> 7,813,743 <OTHER-EXPENSES> 920,485 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (4,684,220) <INCOME-TAX> 151,000 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (4,835,220) <EPS-PRIMARY> (0.43) <EPS-DILUTED> (0.43)