<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)