<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> JUN-30-1997 <CASH> 2,142,808 <SECURITIES> 0 <RECEIVABLES> 6,125,147 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 10,024,900 <PP&E> 28,830,152 <DEPRECIATION> 2,474,683 <TOTAL-ASSETS> 36,606,833 <CURRENT-LIABILITIES> 11,281,919 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 4,870,678 <OTHER-SE> (873,201) <TOTAL-LIABILITY-AND-EQUITY> 36,606,833 <SALES> 4,165,024 <TOTAL-REVENUES> 4,165,024 <CGS> 0 <TOTAL-COSTS> 2,183,817 <OTHER-EXPENSES> 604,761 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 90,283 <INCOME-PRETAX> 1,283,163 <INCOME-TAX> 1,934,572 <INCOME-CONTINUING> (648,409) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (648,409) <EPS-PRIMARY> (.08) <EPS-DILUTED> (.08)