<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 12,158,000 <SECURITIES> 0 <RECEIVABLES> 1,386,000 <ALLOWANCES> (375,000) <INVENTORY> 0 <CURRENT-ASSETS> 13,483,000 <PP&E> 62,987,000 <DEPRECIATION> (10,750,000) <TOTAL-ASSETS> 70,744,000 <CURRENT-LIABILITIES> 4,230,000 <BONDS> 24,020,000 <COMMON> 769,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 41,725,000 <TOTAL-LIABILITY-AND-EQUITY> 70,744,000 <SALES> 1,997,000 <TOTAL-REVENUES> 2,341,000 <CGS> 760,000 <TOTAL-COSTS> 760,000 <OTHER-EXPENSES> 1,444,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 433,000 <INCOME-PRETAX> (296,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (296,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (296,000) <EPS-PRIMARY> (0.00) <EPS-DILUTED> (0.00)