<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM UNAUDITED AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUN-30-1996 <PERIOD-START> JUL-01-1995 <PERIOD-END> SEP-30-1995 <CASH> 1,844,986 <SECURITIES> 0 <RECEIVABLES> 161,652 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,143,355 <PP&E> 6,078,418 <DEPRECIATION> 876,093 <TOTAL-ASSETS> 7,693,535 <CURRENT-LIABILITIES> 267,020 <BONDS> 73,125 <COMMON> 208,834 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 7,153,556 <TOTAL-LIABILITY-AND-EQUITY> 7,693,535 <SALES> 0 <TOTAL-REVENUES> 26,850 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 771,554 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (744,704) <INCOME-TAX> 0 <INCOME-CONTINUING> (744,704) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (744,704) <EPS-PRIMARY> (.04) <EPS-DILUTED> 0