<ARTICLE> 5 <MULTIPLIER> 1,000 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> SEP-30-1995 <EXCHANGE-RATE> 1 <CASH> 7,909 <SECURITIES> 1,328 <RECEIVABLES> 7,833 <ALLOWANCES> 7 <INVENTORY> 0 <CURRENT-ASSETS> 17,558 <PP&E> 31,206 <DEPRECIATION> 3,101 <TOTAL-ASSETS> 46,097 <CURRENT-LIABILITIES> 1,049 <BONDS> 17,090 <COMMON> 40,849 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (14,985) <TOTAL-LIABILITY-AND-EQUITY> 46,097 <SALES> 0 <TOTAL-REVENUES> 4,348 <CGS> 0 <TOTAL-COSTS> 1,731 <OTHER-EXPENSES> 528 <LOSS-PROVISION> 140 <INTEREST-EXPENSE> 913 <INCOME-PRETAX> 1,524 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,524 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,524 <EPS-PRIMARY> .24 <EPS-DILUTED> .24