<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> APR-01-1996 <PERIOD-END> JUN-30-1996 <CASH> 140,091 <SECURITIES> 0 <RECEIVABLES> 1,101,090 <ALLOWANCES> 0 <INVENTORY> 452,428 <CURRENT-ASSETS> 2,408,023 <PP&E> 53,496,183 <DEPRECIATION> (23,149,810) <TOTAL-ASSETS> 32,921,415 <CURRENT-LIABILITIES> 4,406,807 <BONDS> 6,174,993 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,355,930 <OTHER-SE> 19,983,685 <TOTAL-LIABILITY-AND-EQUITY> 32,921,415 <SALES> 885,776 <TOTAL-REVENUES> 966,333 <CGS> 0 <TOTAL-COSTS> 104,567 <OTHER-EXPENSES> 1,331,976 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 320,545 <INCOME-PRETAX> (470,210) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (470,210) <EPS-PRIMARY> (.02) <EPS-DILUTED> 0