<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> JUN-30-1996 <PERIOD-END> JUN-30-1996 <CASH> 4,631,000 <SECURITIES> 0 <RECEIVABLES> 7,415,000 <ALLOWANCES> 0 <INVENTORY> 575,000 <CURRENT-ASSETS> 8,306,000 <PP&E> 61,899,000 <DEPRECIATION> 16,218,000 <TOTAL-ASSETS> 62,357,000 <CURRENT-LIABILITIES> 66,836,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 469,000 <OTHER-SE> (9,970,000) <TOTAL-LIABILITY-AND-EQUITY> 62,357,000 <SALES> 63,301,000 <TOTAL-REVENUES> 63,301,000 <CGS> 0 <TOTAL-COSTS> 61,102,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 7,095,000 <INCOME-PRETAX> (4,559,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (4,559,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (4,559,000) <EPS-PRIMARY> (4,559,000) <EPS-DILUTED> (4,559,000)