<ARTICLE> 5 <LEGEND> This schedule contains summary fianacial information extracted from unaudited and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> JUN-30-1996 <PERIOD-START> OCT-01-1995 <PERIOD-END> DEC-31-1995 <CASH> 762,649 <SECURITIES> 0 <RECEIVABLES> 142,098 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,088,352 <PP&E> 7,311,237 <DEPRECIATION> 916,553 <TOTAL-ASSETS> 7,885,907 <CURRENT-LIABILITIES> 1,590,183 <BONDS> 0 <COMMON> 209,272 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 6,024,702 <TOTAL-LIABILITY-AND-EQUITY> 7,885,907 <SALES> 0 <TOTAL-REVENUES> 42,896 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,036,423 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (1,993,527) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,993,527) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,993,527) <EPS-PRIMARY> (.10) <EPS-DILUTED> 0