<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> MAR-31-1997 <PERIOD-END> DEC-31-1996 <CASH> 839,640 <SECURITIES> 0 <RECEIVABLES> 89,393 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,490,808 <PP&E> 17,559,602 <DEPRECIATION> 6,061,335 <TOTAL-ASSETS> 13,650,328 <CURRENT-LIABILITIES> 3,963,319 <BONDS> 850,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 8,676,336 <OTHER-SE> 5,951,820 <TOTAL-LIABILITY-AND-EQUITY> 18,659,328 <SALES> 14,092,914 <TOTAL-REVENUES> 14,092,914 <CGS> 6,754,124 <TOTAL-COSTS> 14,673,198 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,518,354 <INCOME-PRETAX> (3,081,544) <INCOME-TAX> 1,600 <INCOME-CONTINUING> (3,083,944) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (3,083,944) <EPS-PRIMARY> (.47) <EPS-DILUTED> (.47)