<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> SEP-30-1997 <PERIOD-START> OCT-01-1996 <PERIOD-END> JUN-30-1997 <CASH> 1,097,804 <SECURITIES> 0 <RECEIVABLES> 673,484 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,886,853 <PP&E> 12,549,256 <DEPRECIATION> 2,509,368 <TOTAL-ASSETS> 14,172,087 <CURRENT-LIABILITIES> 1,382,171 <BONDS> 12,770,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 17,764 <OTHER-SE> (300,524) <TOTAL-LIABILITY-AND-EQUITY> 14,172,087 <SALES> 0 <TOTAL-REVENUES> 7,577,164 <CGS> 0 <TOTAL-COSTS> 6,309,334 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,026,290 <INCOME-PRETAX> 60,849 <INCOME-TAX> 24,340 <INCOME-CONTINUING> 36,509 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 36,509 <EPS-PRIMARY> 0 <EPS-DILUTED> 0