<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 2,480,958 <SECURITIES> 1,129,335 <RECEIVABLES> 1,461,069 <ALLOWANCES> 0 <INVENTORY> 1,400,310 <CURRENT-ASSETS> 6,822,475 <PP&E> 59,713,926 <DEPRECIATION> (20,795,835) <TOTAL-ASSETS> 46,186,432 <CURRENT-LIABILITIES> 4,067,117 <BONDS> 7,047,507 <COMMON> 8,907 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 29,911,908 <TOTAL-LIABILITY-AND-EQUITY> 46,186,432 <SALES> 2,331,425 <TOTAL-REVENUES> 2,331,425 <CGS> 1,928,730 <TOTAL-COSTS> 2,752,894 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 102,899 <INCOME-PRETAX> (451,929) <INCOME-TAX> (90,000) <INCOME-CONTINUING> (361,929) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (361,929) <EPS-PRIMARY> (.04) <EPS-DILUTED> (.04)