<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> DEC-31-1995 <CASH> 613,450 <SECURITIES> 759,600 <RECEIVABLES> 1,716,094 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3,424,789 <PP&E> 16,363,366 <DEPRECIATION> 2,217,425 <TOTAL-ASSETS> 22,382,716 <CURRENT-LIABILITIES> 2,396,914 <BONDS> 9,750,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 734,859 <COMMON> 8,360,902 <OTHER-SE> 567,051 <TOTAL-LIABILITY-AND-EQUITY> 22,382,716 <SALES> 6,050,601 <TOTAL-REVENUES> 6,174,412 <CGS> 0 <TOTAL-COSTS> 3,008,162 <OTHER-EXPENSES> 896,451 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,132,488 <INCOME-PRETAX> 1,137,311 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,137,311 <DISCONTINUED> 0 <EXTRAORDINARY> 482,906 <CHANGES> 0 <NET-INCOME> 654,504 <EPS-PRIMARY> 0 <EPS-DILUTED> 0