<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> DEC-31-1995 <CASH> 408,000 <SECURITIES> 0 <RECEIVABLES> 6,957,000 <ALLOWANCES> 146,000 <INVENTORY> 0 <CURRENT-ASSETS> 1,299,000 <PP&E> 70,653,000 <DEPRECIATION> (18,375,000) <TOTAL-ASSETS> 62,875,000 <CURRENT-LIABILITIES> 797,000 <BONDS> 48,008,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 37,068,000 <OTHER-SE> (26,319,000) <TOTAL-LIABILITY-AND-EQUITY> 62,875,000<F1> <SALES> 0 <TOTAL-REVENUES> 9,820,000 <CGS> 0 <TOTAL-COSTS> 12,943,000 <OTHER-EXPENSES> 325,000<F2> <LOSS-PROVISION> 185,000 <INTEREST-EXPENSE> 5,364,000 <INCOME-PRETAX> (3,448,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (3,448,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (3,448,000) <EPS-PRIMARY> (.93) <EPS-DILUTED> (.93) <FN> <F1>includes $3,321,000 of Minority Intrest in Joint Venture <F2>represents Minority interest portion of Current net loss </FN>