<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> MAR-31-1995 <CASH> 905,190 <SECURITIES> 673,000 <RECEIVABLES> 226,577 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,804,767 <PP&E> 8,085,211 <DEPRECIATION> (294,186) <TOTAL-ASSETS> 10,017,315 <CURRENT-LIABILITIES> 485,392 <BONDS> 0 <COMMON> 2,141,735 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 6,173,137 <TOTAL-LIABILITY-AND-EQUITY> 10,017,315 <SALES> 0 <TOTAL-REVENUES> 233,457 <CGS> 0 <TOTAL-COSTS> 236,801 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (3,344) <INCOME-TAX> 2,600 <INCOME-CONTINUING> (5,944) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (5,944) <EPS-PRIMARY> 0 <EPS-DILUTED> 0