<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> MAR-31-1997 <PERIOD-END> SEP-30-1996 <CASH> 609,526 <SECURITIES> 0 <RECEIVABLES> 128,365 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,768,531 <PP&E> 17,029,975 <DEPRECIATION> 2,177,154 <TOTAL-ASSETS> 12,166,916 <CURRENT-LIABILITIES> 2,370,718 <BONDS> 2,000,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 7,285,110 <OTHER-SE> (5,196,118) <TOTAL-LIABILITY-AND-EQUITY> 12,166,916 <SALES> 9,307,351 <TOTAL-REVENUES> 9,307,351 <CGS> 4,409,412 <TOTAL-COSTS> 9,297,289 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,351,862 <INCOME-PRETAX> (2,326,642) <INCOME-TAX> 1,600 <INCOME-CONTINUING> (2,328,242) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,328,242) <EPS-PRIMARY> (.37) <EPS-DILUTED> (.37)