<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM QUARTERLY REPORT ON FORM 10-QSB FOR THE QUARTERLY PERIOD ENDED MARCH 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 112 <SECURITIES> 0 <RECEIVABLES> 1,444 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,879 <PP&E> 21,155 <DEPRECIATION> (3,395) <TOTAL-ASSETS> 21,006 <CURRENT-LIABILITIES> 4,746 <BONDS> 0 <COMMON> 65 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 6,193 <TOTAL-LIABILITY-AND-EQUITY> 21,006 <SALES> 2,606 <TOTAL-REVENUES> 2,970 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 723 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 327 <INCOME-PRETAX> 937 <INCOME-TAX> 112 <INCOME-CONTINUING> 825 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 825 <EPS-PRIMARY> .13 <EPS-DILUTED> .10