<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> DEC-31-1995 <CASH> 258,627 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 692,786 <PP&E> 16,331,942 <DEPRECIATION> 4,818,923 <TOTAL-ASSETS> 13,331,633 <CURRENT-LIABILITIES> 4,753,927 <BONDS> 3,955,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 238,132 <OTHER-SE> 4,384,574 <TOTAL-LIABILITY-AND-EQUITY> 13,331,633 <SALES> 7,531 <TOTAL-REVENUES> 7,531 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 9,034,030 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 476,505 <INCOME-PRETAX> (9,434,871) <INCOME-TAX> 0 <INCOME-CONTINUING> (9,434,871) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (9,434,871) <EPS-PRIMARY> (.44) <EPS-DILUTED> (.44)