<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> APR-30-1998 <PERIOD-END> OCT-31-1998 <CASH> 300,782 <SECURITIES> 0 <RECEIVABLES> 606,739 <ALLOWANCES> 0 <INVENTORY> 37,576 <CURRENT-ASSETS> 945,097 <PP&E> 6,886,744 <DEPRECIATION> (1,264,806) <TOTAL-ASSETS> 6,898,077 <CURRENT-LIABILITIES> 1,599,959 <BONDS> 3,538,309 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 23,272,247 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 6,898,077 <SALES> 0 <TOTAL-REVENUES> 1,140,028 <CGS> 0 <TOTAL-COSTS> 627,921 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 193,304 <INCOME-PRETAX> (1,358,884) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 89,343 <CHANGES> 0 <NET-INCOME> (1,269,541) <EPS-PRIMARY> (.27) <EPS-DILUTED> (.27)