<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the consolidated balance sheets and consolidated statements of operations found on pages F-3 through F-6 of the Company's Form 10-K for the fiscal year ended June 30, 1996, and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> JUN-30-1996 <PERIOD-END> JUN-30-1996 <CASH> 45,365 <SECURITIES> 33,645 <RECEIVABLES> 20,556,920 <ALLOWANCES> 0 <INVENTORY> 4,849,819 <CURRENT-ASSETS> 30,761,075 <PP&E> 114,682,082 <DEPRECIATION> 0 <TOTAL-ASSETS> 179,557,647 <CURRENT-LIABILITIES> 26,187,331 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 8,765,250 <COMMON> 1,215 <OTHER-SE> 25,922,658 <TOTAL-LIABILITY-AND-EQUITY> 179,557,647 <SALES> 9,825,252 <TOTAL-REVENUES> 134,011,369 <CGS> 5,773,934 <TOTAL-COSTS> 117,887,133 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> (7,948,091) <INCOME-PRETAX> 9,426,118 <INCOME-TAX> 4,228,307 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 372,000 <NET-INCOME> 5,569,811 <EPS-PRIMARY> .39 <EPS-DILUTED> 0