<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 288,712 <SECURITIES> 0 <RECEIVABLES> 362,409 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,192,804 <PP&E> 8,905,217 <DEPRECIATION> 2,512,313 <TOTAL-ASSETS> 7,650,940 <CURRENT-LIABILITIES> 3,446,263 <BONDS> 1,331,200 <COMMON> 640,082 <PREFERRED-MANDATORY> 0 <PREFERRED> 1,148,850 <OTHER-SE> 1,084,545 <TOTAL-LIABILITY-AND-EQUITY> 7,650,940 <SALES> 0 <TOTAL-REVENUES> 2,740,353 <CGS> 0 <TOTAL-COSTS> 2,527,915 <OTHER-EXPENSES> 209,308 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 42,982 <INCOME-PRETAX> (154,737) <INCOME-TAX> 0 <INCOME-CONTINUING> (154,737) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (154,737) <EPS-PRIMARY> (.02) <EPS-DILUTED> 0