<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)