<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM JUNE 30, 1997 10Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-1-1997 <PERIOD-END> JUN-30-1997 <CASH> 13,913,262 <SECURITIES> 0 <RECEIVABLES> 2,127,781 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 16,719,633 <PP&E> 42,286,868 <DEPRECIATION> 9,798,183 <TOTAL-ASSETS> 50,736,315 <CURRENT-LIABILITIES> 8,036,444 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 57,463 <OTHER-SE> 25,317,061 <TOTAL-LIABILITY-AND-EQUITY> 50,736,315 <SALES> 13,014,262 <TOTAL-REVENUES> 13,288,865 <CGS> 0 <TOTAL-COSTS> 9,473,762 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,079,633 <INCOME-PRETAX> 2,735,470 <INCOME-TAX> 1,095,000 <INCOME-CONTINUING> 1,640,470 <DISCONTINUED> 0 <EXTRAORDINARY> 181,000 <CHANGES> 0 <NET-INCOME> 1,459,470 <EPS-PRIMARY> .27 <EPS-DILUTED> 0