<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          APR-30-1996
<PERIOD-END>                               APR-30-1996
<CASH>                                         668,853
<SECURITIES>                                         0
<RECEIVABLES>                               20,742,246
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             1,460,865
<PP&E>                                      18,062,375
<DEPRECIATION>                               (194,179)
<TOTAL-ASSETS>                              39,329,061
<CURRENT-LIABILITIES>                          960,796
<BONDS>                                              0
<COMMON>                                       116,506
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                  30,036,152
<TOTAL-LIABILITY-AND-EQUITY>                39,329,061
<SALES>                                              0
<TOTAL-REVENUES>                                     0
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                             4,589,694
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                           1,008,712
<INCOME-PRETAX>                             15,798,617
<INCOME-TAX>                                 3,500,000
<INCOME-CONTINUING>                         12,298,617
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                12,298,617
<EPS-PRIMARY>                                     1.03
<EPS-DILUTED>                                     1.03