<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> SEP-30-1997 <CASH> 2,773,274 <SECURITIES> 0 <RECEIVABLES> 2,676,855 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 7,180,991 <PP&E> 38,911,720 <DEPRECIATION> 3,121,978 <TOTAL-ASSETS> 43,182,630 <CURRENT-LIABILITIES> 8,574,547 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 32,973,796 <OTHER-SE> (451,828) <TOTAL-LIABILITY-AND-EQUITY> 43,182,630 <SALES> 6,234,261 <TOTAL-REVENUES> 6,234,261 <CGS> 0 <TOTAL-COSTS> 3,414,473 <OTHER-EXPENSES> 992,988 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 107,657 <INCOME-PRETAX> 1,719,143 <INCOME-TAX> 2,086,115 <INCOME-CONTINUING> (366,972) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (366,972) <EPS-PRIMARY> (.04) <EPS-DILUTED> (.04)