<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUN-30-1997 <PERIOD-END> SEP-30-1996 <CASH> 5,436,000 <SECURITIES> 0 <RECEIVABLES> 2,953,000 <ALLOWANCES> 0 <INVENTORY> 581,000 <CURRENT-ASSETS> 9,920,000 <PP&E> 62,003,000 <DEPRECIATION> 16,937,000 <TOTAL-ASSETS> 62,452,000 <CURRENT-LIABILITIES> 69,175,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 469,000 <OTHER-SE> (12,214,000) <TOTAL-LIABILITY-AND-EQUITY> 62,452,000 <SALES> 0 <TOTAL-REVENUES> 15,361,000 <CGS> 0 <TOTAL-COSTS> 15,892,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,811,000 <INCOME-PRETAX> (2,244,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (2,244,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,244,000) <EPS-PRIMARY> 0 <EPS-DILUTED> 0