<ARTICLE>                     5
<LEGEND>
Information taken from the June 30, 1996 Form 10-Q.
</LEGEND>
<MULTIPLIER>                                   1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              DEC-31-1996
<PERIOD-START>                                 APR-01-1996
<PERIOD-END>                                   JUN-30-1996
<CASH>                                                 388
<SECURITIES>                                        18,466
<RECEIVABLES>                                            0
<ALLOWANCES>                                             0
<INVENTORY>                                              0
<CURRENT-ASSETS>                                    19,544
<PP&E>                                              19,757
<DEPRECIATION>                                     (8,849)
<TOTAL-ASSETS>                                      31,295
<CURRENT-LIABILITIES>                                3,280
<BONDS>                                              4,113
<PREFERRED-MANDATORY>                                    0
<PREFERRED>                                              0
<COMMON>                                                20
<OTHER-SE>                                          22,600
<TOTAL-LIABILITY-AND-EQUITY>                        31,295
<SALES>                                                  0
<TOTAL-REVENUES>                                        75
<CGS>                                                    0
<TOTAL-COSTS>                                        3,438
<OTHER-EXPENSES>                                         0
<LOSS-PROVISION>                                         0
<INTEREST-EXPENSE>                                     200
<INCOME-PRETAX>                                    (3,302)
<INCOME-TAX>                                             0
<INCOME-CONTINUING>                                      0
<DISCONTINUED>                                           0
<EXTRAORDINARY>                                    (1,267)
<CHANGES>                                                0
<NET-INCOME>                                       (4,569)
<EPS-PRIMARY>                                       (0.23)
<EPS-DILUTED>                                            0