<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)