<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> JUN-30-1997 <PERIOD-START> JUL-01-1996 <PERIOD-END> DEC-31-1996 <CASH> 244,000 <SECURITIES> 0 <RECEIVABLES> 455,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 849,000 <PP&E> 7,587,00 <DEPRECIATION> 573,000 <TOTAL-ASSETS> 8,581,000 <CURRENT-LIABILITIES> 2,182,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 754,000 <COMMON> 5,569,000 <OTHER-SE> (5,878,000) <TOTAL-LIABILITY-AND-EQUITY> 8,581,000 <SALES> 431,000 <TOTAL-REVENUES> 472,000 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,290,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 278,000 <INCOME-PRETAX> (1,096,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,096,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,096,000) <EPS-PRIMARY> (0.42) <EPS-DILUTED> (0.42)