<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CONDENSED CONSOLIDATED BALANCE SHEET, CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FORM 10-Q MARCH 31, 1995. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAR-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> MAR-31-1995 <CASH> 2,374,480 <SECURITIES> 0 <RECEIVABLES> 5,124,575 <ALLOWANCES> 0 <INVENTORY> 376,000 <CURRENT-ASSETS> 8,378,602 <PP&E> 32,010,665 <DEPRECIATION> 40,587,630 <TOTAL-ASSETS> 101,330,966 <CURRENT-LIABILITIES> 12,285,062 <BONDS> 48,504,274 <COMMON> 0 <PREFERRED-MANDATORY> 368,220 <PREFERRED> 0 <OTHER-SE> 33,521,332 <TOTAL-LIABILITY-AND-EQUITY> 101,330,966 <SALES> 4,523,633 <TOTAL-REVENUES> 5,256,806 <CGS> 1,683,449 <TOTAL-COSTS> 5,958,108 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 970,509 <INCOME-PRETAX> (701,302) <INCOME-TAX> (260,000) <INCOME-CONTINUING> (441,302) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (441,302) <EPS-PRIMARY> (.04) <EPS-DILUTED> (.04)