<ARTICLE>                     5
<LEGEND>

This schedule contains summary financial infomation extracted from the contained
quarterly 10-Q and is qualified in its entirety by reference to such Form 10-Q.

</LEGEND>

<MULTIPLIER>                                                1
       
                                                
<PERIOD-TYPE>                                          12-MOS
<FISCAL-YEAR-END>                                 JUL-31-1998
<PERIOD-START>                                    AUG-01-1997
<PERIOD-END>                                      JUL-31-1998
<CASH>                                              1,047,979
<SECURITIES>                                          137,721
<RECEIVABLES>                                         461,770
<ALLOWANCES>                                                0
<INVENTORY>                                                 0
<CURRENT-ASSETS>                                    2,709,738
<PP&E>                                             49,869,521
<DEPRECIATION>                                     21,628,465
<TOTAL-ASSETS>                                     41,374,924
<CURRENT-LIABILITIES>                               1,626,593
<BONDS>                                                     0
<COMMON>                                            2,178,297
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<PREFERRED>                                                 0
<OTHER-SE>                                         27,881,200
<TOTAL-LIABILITY-AND-EQUITY>                       41,374,924
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<INTEREST-EXPENSE>                                    812,297
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<INCOME-TAX>                                        1,050,000
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<NET-INCOME>                                        1,837,733
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