<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUN-30-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 722,000 <SECURITIES> 6,371,000 <RECEIVABLES> 9,179,000 <ALLOWANCES> 248,000 <INVENTORY> 591,000 <CURRENT-ASSETS> 16,982,000 <PP&E> 100,480,000 <DEPRECIATION> 24,308,000 <TOTAL-ASSETS> 141,695,000 <CURRENT-LIABILITIES> 10,213,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 5,196,000 <OTHER-SE> 66,057,000 <TOTAL-LIABILITY-AND-EQUITY> 141,695,000 <SALES> 0 <TOTAL-REVENUES> 22,450,000 <CGS> 0 <TOTAL-COSTS> 21,357,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 770,000 <INCOME-PRETAX> 1,671,000 <INCOME-TAX> 652,000 <INCOME-CONTINUING> 1,019,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,019,000 <EPS-PRIMARY> .20 <EPS-DILUTED> 0