<ARTICLE> 5 <MULTIPLIER> 1 <CURRENCY> US DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> APR-01-1997 <PERIOD-END> JUN-30-1997 <EXCHANGE-RATE> 1 <CASH> 3,179,148 <SECURITIES> 4,693,649 <RECEIVABLES> 6,028,097 <ALLOWANCES> 204,105 <INVENTORY> 2,733,315 <CURRENT-ASSETS> 18,382,823 <PP&E> 104,254,569 <DEPRECIATION> 14,331,690 <TOTAL-ASSETS> 123,863,393 <CURRENT-LIABILITIES> 6,276,468 <BONDS> 37,171,471 <PREFERRED-MANDATORY> 3,854,975 <PREFERRED> 0 <COMMON> 69,008 <OTHER-SE> 28,140,201 <TOTAL-LIABILITY-AND-EQUITY> 123,023,283 <SALES> 12,311,094 <TOTAL-REVENUES> 12,311,094 <CGS> 10,107,290 <TOTAL-COSTS> 11,671,221 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 599,442 <INCOME-PRETAX> 776,281 <INCOME-TAX> 0 <INCOME-CONTINUING> 776,281 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 776,281 <EPS-PRIMARY> .11 <EPS-DILUTED> .11