<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
REGISTRANT'S JUNE 30, 1996 FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<CASH>                                           1,132
<SECURITIES>                                         0
<RECEIVABLES>                                      193
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                 1,597
<PP&E>                                           7,100
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                   8,697
<CURRENT-LIABILITIES>                              105
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        14,315
<OTHER-SE>                                     (7,587)
<TOTAL-LIABILITY-AND-EQUITY>                     8,697
<SALES>                                              0
<TOTAL-REVENUES>                                   895
<CGS>                                                0
<TOTAL-COSTS>                                      361
<OTHER-EXPENSES>                                   234
<LOSS-PROVISION>                                   400
<INTEREST-EXPENSE>                                  78
<INCOME-PRETAX>                                  4,029
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                              4,029
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     4,029
<EPS-PRIMARY>                                      .63
<EPS-DILUTED>                                      .63