<ARTICLE> 5
<LEGEND>
This schedule contains summary financial data extracted from the Company's
consolidated financial statements for the quarter ended March 31, 2000 included
in Part I Financial information and is qualified in its entirety by reference to
such financial statements.
</LEGEND>

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                       MAR-31-2000
<PERIOD-END>                            MAR-31-2000
<CASH>                                   11,281,000
<SECURITIES>                             10,077,000
<RECEIVABLES>                             3,911,000
<ALLOWANCES>                                      0
<INVENTORY>                                       0
<CURRENT-ASSETS>                         29,039,000
<PP&E>                                   41,705,000
<DEPRECIATION>                            9,372,000
<TOTAL-ASSETS>                           61,372,000
<CURRENT-LIABILITIES>                     6,368,000
<BONDS>                                           0
<PREFERRED-MANDATORY>                             0
<PREFERRED>                                       0
<COMMON>                                  5,752,000
<OTHER-SE>                               49,252,000
<TOTAL-LIABILITY-AND-EQUITY>             61,372,000
<SALES>                                   3,503,000
<TOTAL-REVENUES>                          3,503,000
<CGS>                                             0
<TOTAL-COSTS>                             3,890,000
<OTHER-EXPENSES>                             90,000
<LOSS-PROVISION>                                  0
<INTEREST-EXPENSE>                                0
<INCOME-PRETAX>                            (282,000)
<INCOME-TAX>                                  5,000
<INCOME-CONTINUING>                        (277,000)
<DISCONTINUED>                                    0
<EXTRAORDINARY>                                   0
<CHANGES>                                         0
<NET-INCOME>                               (277,000)
<EPS-BASIC>                                    (.04)
<EPS-DILUTED>                                  (.04)