<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> MAR-31-1995 <CASH> 1,315,866 <SECURITIES> 0 <RECEIVABLES> 1,044,805 <ALLOWANCES> 0 <INVENTORY> 808,561 <CURRENT-ASSETS> 3,852,230 <PP&E> 50,348,462 <DEPRECIATION> 21,520,803 <TOTAL-ASSETS> 32,783,558 <CURRENT-LIABILITIES> 3,247,747 <BONDS> 6,601,421 <COMMON> 1,770,981 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 21,163,409 <TOTAL-LIABILITY-AND-EQUITY> 32,783,558 <SALES> 305,285 <TOTAL-REVENUES> 347,701 <CGS> 90,789 <TOTAL-COSTS> 1,344,951 <OTHER-EXPENSES> 1,254,162 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 276,686 <INCOME-PRETAX> (1,273,936) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,273,936) <EPS-PRIMARY> (.06) <EPS-DILUTED> 0