<ARTICLE> 5 <MULTIPLIER> 1 <CURRENCY> U.S. Dollars <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <EXCHANGE-RATE> 1 <CASH> 2,371,030 <SECURITIES> 0 <RECEIVABLES> 54,240 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,486,700 <PP&E> 31,738,750 <DEPRECIATION> 15,444,400 <TOTAL-ASSETS> 19,687,600 <CURRENT-LIABILITIES> 4,885,540 <BONDS> 866,670 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,610 <OTHER-SE> 13,933,780 <TOTAL-LIABILITY-AND-EQUITY> 19,687,600 <SALES> 0 <TOTAL-REVENUES> 1,696,250 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 786,010 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 34,090 <INCOME-PRETAX> 876,150 <INCOME-TAX> 349,100 <INCOME-CONTINUING> 527,050 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 527,050 <EPS-PRIMARY> 0.33 <EPS-DILUTED> 0.33