<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