<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> JUN-30-1998 <PERIOD-END> DEC-31-1997 <CASH> 8,029,000 <SECURITIES> 0 <RECEIVABLES> 7,878,000 <ALLOWANCES> 0 <INVENTORY> 592,000 <CURRENT-ASSETS> 12,674,000 <PP&E> 64,039,000 <DEPRECIATION> 19,383,000 <TOTAL-ASSETS> 64,157,000 <CURRENT-LIABILITIES> 4,290,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 469,000 <OTHER-SE> (21,580,000) <TOTAL-LIABILITY-AND-EQUITY> 64,157,000 <SALES> 28,613,000 <TOTAL-REVENUES> 28,810,000 <CGS> 0 <TOTAL-COSTS> 30,063,000 <OTHER-EXPENSES> 103,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,109,000 <INCOME-PRETAX> (4,465,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (4,465,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (4,465,000) <EPS-PRIMARY> 0 <EPS-DILUTED> 0