<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUN-30-1997 <PERIOD-START> JUL-01-1996 <PERIOD-END> SEP-30-1996 <CASH> 245,021 <SECURITIES> 0 <RECEIVABLES> 386,531 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 631,552 <PP&E> 7,573,641 <DEPRECIATION> 506,901 <TOTAL-ASSETS> 8,396,544 <CURRENT-LIABILITIES> 1,444,813 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 761,935 <COMMON> 5,569,181 <OTHER-SE> (5,433,080) <TOTAL-LIABILITY-AND-EQUITY> 8,396,544 <SALES> 275,117 <TOTAL-REVENUES> 293,148 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 794,102 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 139,860 <INCOME-PRETAX> (640,814) <INCOME-TAX> 0 <INCOME-CONTINUING> (640,814) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (640,814) <EPS-PRIMARY> (.24) <EPS-DILUTED> 0