<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS - BALANCE SHEETS AT JUNE 30, 1997 (UNAUDITED) AND THE
STATEMENTS OF OPERATIONS AT JUNE 30, 1997 (UNAUDITED) AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               JUN-30-1997
<CASH>                                       3,183,589
<SECURITIES>                                         0
<RECEIVABLES>                                2,097,452
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             5,592,543
<PP&E>                                      52,977,696
<DEPRECIATION>                              (6,385,987)
<TOTAL-ASSETS>                              52,378,974
<CURRENT-LIABILITIES>                        1,918,910
<BONDS>                                      7,842,394
<PREFERRED-MANDATORY>                       13,627,000
<PREFERRED>                                          0
<COMMON>                                        89,455
<OTHER-SE>                                  22,718,023
<TOTAL-LIABILITY-AND-EQUITY>                52,378,974
<SALES>                                      1,818,251
<TOTAL-REVENUES>                             1,997,642
<CGS>                                          824,272
<TOTAL-COSTS>                                  824,272
<OTHER-EXPENSES>                             1,272,985
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             123,868
<INCOME-PRETAX>                               (223,483)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                           (223,483)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (223,483)
<EPS-PRIMARY>                                     (.14)
<EPS-DILUTED>                                     (.14)