<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> JUN-30-1997 <CASH> 333,476 <SECURITIES> 633,000 <RECEIVABLES> 3,842,835 <ALLOWANCES> 24,990 <INVENTORY> 0 <CURRENT-ASSETS> 4,924,573 <PP&E> 37,945,076 <DEPRECIATION> 6,698,859 <TOTAL-ASSETS> 39,501,180 <CURRENT-LIABILITIES> 4,599,064 <BONDS> 18,000,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 1,547,318 <COMMON> 8,371,845 <OTHER-SE> 6,982,953 <TOTAL-LIABILITY-AND-EQUITY> 39,501,180 <SALES> 6,415,189 <TOTAL-REVENUES> 6,665,874 <CGS> 0 <TOTAL-COSTS> 5,223,645 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 686,196 <INCOME-PRETAX> 756,033 <INCOME-TAX> 0 <INCOME-CONTINUING> 756,033 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 756,033 <EPS-PRIMARY> 0 <EPS-DILUTED> 0