<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JUL-31-1997
<PERIOD-START>                             OCT-31-1996
<PERIOD-END>                               JAN-31-1997
<CASH>                                          27,670
<SECURITIES>                                         0
<RECEIVABLES>                                2,684,372
<ALLOWANCES>                                         0
<INVENTORY>                                    175,493
<CURRENT-ASSETS>                             3,110,572
<PP&E>                                      36,235,054
<DEPRECIATION>                               8,826,463
<TOTAL-ASSETS>                              32,000,594
<CURRENT-LIABILITIES>                       30,746,525
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                      9,636
<COMMON>                                       208,140
<OTHER-SE>                                   1,036,293
<TOTAL-LIABILITY-AND-EQUITY>                32,000,594
<SALES>                                              0
<TOTAL-REVENUES>                             1,428,058
<CGS>                                                0
<TOTAL-COSTS>                                2,756,763
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             497,966
<INCOME-PRETAX>                                      0
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                         (1,973,952)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                (1,973,952)
<EPS-PRIMARY>                                    (0.09)
<EPS-DILUTED>                                        0