<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM 10-QSB AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 98,000 <SECURITIES> 0 <RECEIVABLES> 1,501,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,599,000 <PP&E> 29,234,000 <DEPRECIATION> 12,527,000 <TOTAL-ASSETS> 18,306,000 <CURRENT-LIABILITIES> 2,993,000 <BONDS> 7,954,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 1,827,000 <COMMON> 1,202,000 <OTHER-SE> 4,330,000 <TOTAL-LIABILITY-AND-EQUITY> 18,306,000 <SALES> 2,254,000 <TOTAL-REVENUES> 2,326,000 <CGS> 997,000 <TOTAL-COSTS> 997,000 <OTHER-EXPENSES> 423,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 200,000 <INCOME-PRETAX> 706,000 <INCOME-TAX> 0 <INCOME-CONTINUING> 706,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 706,000 <EPS-PRIMARY> .020 <EPS-DILUTED> .020