<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 7,002,456 <SECURITIES> 2,816,854 <RECEIVABLES> 1,975,132 <ALLOWANCES> 0 <INVENTORY> 4,110,278 <CURRENT-ASSETS> 16,289,234 <PP&E> 83,439,570 <DEPRECIATION> (31,209,176) <TOTAL-ASSETS> 69,147,619 <CURRENT-LIABILITIES> 2,922,780 <BONDS> 6,407,054 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 12,180 <OTHER-SE> 52,793,769 <TOTAL-LIABILITY-AND-EQUITY> 69,147,619 <SALES> 3,799,813 <TOTAL-REVENUES> 3,799,813 <CGS> 3,486,137 <TOTAL-COSTS> 4,335,920 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 66,918 <INCOME-PRETAX> (435,741) <INCOME-TAX> (87,000) <INCOME-CONTINUING> (348,741) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (348,741) <EPS-PRIMARY> (.03) <EPS-DILUTED> (.03)