<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> NOV-30-1998 <PERIOD-START> DEC-01-1997 <PERIOD-END> FEB-28-1998 <CASH> 5,594 <SECURITIES> 0 <RECEIVABLES> 1,726 <ALLOWANCES> 0 <INVENTORY> 366 <CURRENT-ASSETS> 11,596 <PP&E> 51,511 <DEPRECIATION> 6,260 <TOTAL-ASSETS> 62,116 <CURRENT-LIABILITIES> 8,557 <BONDS> 21,460 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 26,644 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 62,116 <SALES> 433 <TOTAL-REVENUES> 433 <CGS> 0 <TOTAL-COSTS> 2,302 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 607 <INCOME-PRETAX> (2,366) <INCOME-TAX> 994 <INCOME-CONTINUING> (1,372) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,372) <EPS-PRIMARY> (0.29) <EPS-DILUTED> (0.29)