<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUN-30-1998 <PERIOD-END> SEP-30-1997 <CASH> 6,099,000 <SECURITIES> 0 <RECEIVABLES> 3,105,000 <ALLOWANCES> 0 <INVENTORY> 520,000 <CURRENT-ASSETS> 10,523,000 <PP&E> 64,301,000 <DEPRECIATION> 19,041,000 <TOTAL-ASSETS> 62,748,000 <CURRENT-LIABILITIES> 75,394,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 469,000 <OTHER-SE> (19,636,000) <TOTAL-LIABILITY-AND-EQUITY> 62,748,000 <SALES> 3,936,000 <TOTAL-REVENUES> 14,173,000 <CGS> 0 <TOTAL-COSTS> 14,736,000 <OTHER-EXPENSES> 5,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,031,000 <INCOME-PRETAX> (2,521,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (2,521,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,521,000) <EPS-PRIMARY> (2,521) <EPS-DILUTED> 0