<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUN-30-1995 <PERIOD-START> JUL-01-1995 <PERIOD-END> SEP-30-1995 <CASH> 139,596 <SECURITIES> 0 <RECEIVABLES> 510,537 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 833,983 <PP&E> 13,249,598 <DEPRECIATION> 5,596,310 <TOTAL-ASSETS> 16,235,906 <CURRENT-LIABILITIES> 5,604,424 <BONDS> 5,998,958 <COMMON> 272,500 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (6,777,068) <TOTAL-LIABILITY-AND-EQUITY> 16,235,906 <SALES> 0 <TOTAL-REVENUES> 2,453,796 <CGS> 0 <TOTAL-COSTS> 1,781,293 <OTHER-EXPENSES> 1,006,739 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 275,495 <INCOME-PRETAX> (489,844) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (489,844) <EPS-PRIMARY> (.02) <EPS-DILUTED> (.02)