<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-END> DEC-31-1994 <CASH> 1,615,284 <SECURITIES> 0 <RECEIVABLES> 311,430 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,926,714 <PP&E> 8,085,211 <DEPRECIATION> (292,395) <TOTAL-ASSETS> 10,084,797 <CURRENT-LIABILITIES> 549,530 <BONDS> 0 <COMMON> 2,141,735 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 6,179,081 <TOTAL-LIABILITY-AND-EQUITY> 10,084,797 <SALES> 0 <TOTAL-REVENUES> 851,074 <CGS> 0 <TOTAL-COSTS> 760,929 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 90,145 <INCOME-TAX> (17,000) <INCOME-CONTINUING> 107,145 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 107,145 <EPS-PRIMARY> .03 <EPS-DILUTED> 0