<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> SEP-30-1994 <PERIOD-END> MAR-31-1995 <CASH> 2,058,976 <SECURITIES> 0 <RECEIVABLES> 2,666,665 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,736,831 <PP&E> 10,415,012 <DEPRECIATION> 2,981,389 <TOTAL-ASSETS> 12,691,980 <CURRENT-LIABILITIES> 492,724 <BONDS> 0 <COMMON> 1,407,987 <PREFERRED-MANDATORY> 0 <PREFERRED> 3,262,500 <OTHER-SE> 7,484,724 <TOTAL-LIABILITY-AND-EQUITY> 12,691,980 <SALES> 150,129 <TOTAL-REVENUES> 154,748 <CGS> 0 <TOTAL-COSTS> 686,150 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 25,192 <INCOME-PRETAX> (531,402) <INCOME-TAX> 0 <INCOME-CONTINUING> (531,402) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 00 <NET-INCOME> (531,402) <EPS-PRIMARY> (.004) <EPS-DILUTED> (.004)