<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <CASH> 480,375 <SECURITIES> 886,200 <RECEIVABLES> 1,739,686 <ALLOWANCES> 91,358 <INVENTORY> 0 <CURRENT-ASSETS> 3,238,208 <PP&E> 17,162,562 <DEPRECIATION> 3,414,523 <TOTAL-ASSETS> 21,192,772 <CURRENT-LIABILITIES> 2,364,209 <BONDS> 9,000,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 811,149 <COMMON> 8,360,902 <OTHER-SE> 286,827 <TOTAL-LIABILITY-AND-EQUITY> 21,192,772 <SALES> 4,609,040 <TOTAL-REVENUES> 4,813,507 <CGS> 0 <TOTAL-COSTS> 4,407,088 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 412,533 <INCOME-PRETAX> (6,114) <INCOME-TAX> 0 <INCOME-CONTINUING> (6,114) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (6,114) <EPS-PRIMARY> (.01) <EPS-DILUTED> (.01)