<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 430,725 <SECURITIES> 0 <RECEIVABLES> 826,597 <ALLOWANCES> 0 <INVENTORY> 489,503 <CURRENT-ASSETS> 2,438,177 <PP&E> 53,342,699 <DEPRECIATION> 22,826,973 <TOTAL-ASSETS> 33,234,833 <CURRENT-LIABILITIES> 4,447,665 <BONDS> 6,829,564 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 19,818,463 <OTHER-SE> 19,818,463 <TOTAL-LIABILITY-AND-EQUITY> 33,413 <SALES> 304,192 <TOTAL-REVENUES> 923,606 <CGS> 0 <TOTAL-COSTS> 112,098 <OTHER-EXPENSES> 923,050 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 200,635 <INCOME-PRETAX> (312,177) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (312,177) <EPS-PRIMARY> (.01) <EPS-DILUTED> 0