<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 3,049,476 <SECURITIES> 0 <RECEIVABLES> 10,750,764 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 15,064,576 <PP&E> 55,584,103 <DEPRECIATION> 7,000,865 <TOTAL-ASSETS> 72,190,598 <CURRENT-LIABILITIES> 13,326,233 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 31,461 <OTHER-SE> 21,749,798 <TOTAL-LIABILITY-AND-EQUITY> 72,190,598 <SALES> 16,069,290 <TOTAL-REVENUES> 16,069,290 <CGS> 13,964,882 <TOTAL-COSTS> 13,964,882 <OTHER-EXPENSES> 2,273,075 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 810,007 <INCOME-PRETAX> (874,652) <INCOME-TAX> (409,000) <INCOME-CONTINUING> (465,652) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (465,652) <EPS-PRIMARY> (0.08) <EPS-DILUTED> (0.08)