<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> JUN-30-1996 <PERIOD-END> MAR-31-1996 <CASH> 6,302,000 <SECURITIES> 0 <RECEIVABLES> 8,548,000 <ALLOWANCES> 0 <INVENTORY> 583,000 <CURRENT-ASSETS> 16,458,000 <PP&E> 61,847,000 <DEPRECIATION> 15,491,000 <TOTAL-ASSETS> 65,859,000 <CURRENT-LIABILITIES> 16,464,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 469,000 <OTHER-SE> (11,075,000) <TOTAL-LIABILITY-AND-EQUITY> 65,859,000 <SALES> 49,248,000 <TOTAL-REVENUES> 49,248,000 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 49,897,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 5,283,000 <INCOME-PRETAX> (5,664,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (5,664,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (5,664,000) <EPS-PRIMARY> 0 <EPS-DILUTED> 0