<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL STATEMENTS - BALANCE SHEETS AT SEPTEMBER 30, 1997 (UNAUDITED) AND THE STATEMENTS OF OPERATIONS AT SEPTEMBER 30, 1997 (UNAUDITED) AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1997 <CASH> 2,491,754 <SECURITIES> 0 <RECEIVABLES> 2,201,971 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 5,041,627 <PP&E> 57,876,994 <DEPRECIATION> (7,923,438) <TOTAL-ASSETS> 55,177,330 <CURRENT-LIABILITIES> 2,185,810 <BONDS> 10,171,318 <PREFERRED-MANDATORY> 13,627,000 <PREFERRED> 0 <COMMON> 89,871 <OTHER-SE> 22,769,689 <TOTAL-LIABILITY-AND-EQUITY> 55,177,330 <SALES> 6,913,475 <TOTAL-REVENUES> 8,236,960 <CGS> 2,796,896 <TOTAL-COSTS> 2,796,896 <OTHER-EXPENSES> 4,891,189 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 478,296 <INCOME-PRETAX> 70,579 <INCOME-TAX> 0 <INCOME-CONTINUING> 70,579 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (338,310) <EPS-PRIMARY> (.11) <EPS-DILUTED> (.11)