<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JUL-01-1997 <PERIOD-END> SEP-30-1997 <CASH> 471,465 <SECURITIES> 865,620 <RECEIVABLES> 145,318 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,216,439 <PP&E> 4,606,988 <DEPRECIATION> 2,390,695 <TOTAL-ASSETS> 4,432,732 <CURRENT-LIABILITIES> (14,974) <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 4,027,706 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 4,432,132 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 0 <EPS-PRIMARY> 0.00 <EPS-DILUTED> 0.00