<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUN-30-1997 <PERIOD-START> JUL-01-1996 <PERIOD-END> SEP-30-1996 <CASH> 5,621,000 <SECURITIES> 1,226,000 <RECEIVABLES> 9,861,000 <ALLOWANCES> 273,000 <INVENTORY> 711,000 <CURRENT-ASSETS> 17,146,000 <PP&E> 103,474,000 <DEPRECIATION> 22,889,000 <TOTAL-ASSETS> 138,765,000 <CURRENT-LIABILITIES> 11,670,000 <BONDS> 44,958,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 5,196,000 <OTHER-SE> 61,309,000 <TOTAL-LIABILITY-AND-EQUITY> 138,765,000 <SALES> 0 <TOTAL-REVENUES> 20,480,000 <CGS> 0 <TOTAL-COSTS> 17,220,000 <OTHER-EXPENSES> 1,771,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 867,000 <INCOME-PRETAX> 1,767,000 <INCOME-TAX> 684,000 <INCOME-CONTINUING> 1,083,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,083,000 <EPS-PRIMARY> 0.21 <EPS-DILUTED> 0.21