<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> MAR-31-1999 <CASH> 419,168 <SECURITIES> 0 <RECEIVABLES> 1,009,909 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,718,411 <PP&E> 11,873,198 <DEPRECIATION> 5,380,632 <TOTAL-ASSETS> 8,211,940 <CURRENT-LIABILITIES> 1,948,760 <BONDS> 812,521 <PREFERRED-MANDATORY> 0 <PREFERRED> 1,129,350 <COMMON> 675,530 <OTHER-SE> 3,645,779 <TOTAL-LIABILITY-AND-EQUITY> 8,211,940 <SALES> 0 <TOTAL-REVENUES> 2,610,147 <CGS> 0 <TOTAL-COSTS> 2,068,681 <OTHER-EXPENSES> 210,411 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 56,078 <INCOME-PRETAX> 162,042 <INCOME-TAX> 0 <INCOME-CONTINUING> 162,042 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 162,042 <EPS-PRIMARY> .07 <EPS-DILUTED> .06