<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 2,325,158 <SECURITIES> 3,304,195 <RECEIVABLES> 4,507,090 <ALLOWANCES> 0 <INVENTORY> 2,260,200 <CURRENT-ASSETS> 12,741,600 <PP&E> 97,100,015 <DEPRECIATION> (36,235,274) <TOTAL-ASSETS> 74,863,969 <CURRENT-LIABILITIES> 6,742,410 <BONDS> 6,462,343 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 12,205 <OTHER-SE> 51,892,584 <TOTAL-LIABILITY-AND-EQUITY> 74,863,969 <SALES> 29,740,417 <TOTAL-REVENUES> 29,740,417 <CGS> 29,209,282 <TOTAL-COSTS> 32,206,014 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 168,789 <INCOME-PRETAX> (1,598,096) <INCOME-TAX> (273,225) <INCOME-CONTINUING> (1,324,871) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,324,871) <EPS-PRIMARY> (.11) <EPS-DILUTED> (0.11)