<ARTICLE> 5 <LEGEND> This Schedule contains summary financial information extracted from the Financial Statements - Balance Sheets at June 30, 1996 (unaudited) and the Statements of Operations at June 30, 1996 (unaudited) and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 3-MOS 6-MOS <FISCAL-YEAR-END> DEC-31-1995 DEC-31-1995 <PERIOD-END> MAR-31-1996 JUN-30-1996 <CASH> 60,828 493,222 <SECURITIES> 0 0 <RECEIVABLES> 714,314 783,258 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 783,871 1,282,932 <PP&E> 11,907,545 12,329,198 <DEPRECIATION> 4,240,380 4,412,648 <TOTAL-ASSETS> 8,590,891 9,339,647 <CURRENT-LIABILITIES> 1,159,387 520,459 <BONDS> 3,992,578 5,064,226 <PREFERRED-MANDATORY> 852,642 677,965 <PREFERRED> 0 0 <COMMON> 26,378 26,378 <OTHER-SE> 3,241,040 3,415,717 <TOTAL-LIABILITY-AND-EQUITY> 8,590,891 9,339,647 <SALES> 1,019,307 1,101,645 <TOTAL-REVENUES> 1,049,629 1,409,629 <CGS> 673,613 637,587 <TOTAL-COSTS> 965,058 1,025,554 <OTHER-EXPENSES> 171,271 169,616 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 120,174 126,816 <INCOME-PRETAX> 84,572 384,075 <INCOME-TAX> 0 0 <INCOME-CONTINUING> 84,572 384,075 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 84,572 384,075 <EPS-PRIMARY> .06 .29 <EPS-DILUTED> .06 .29