<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 3,388,206 <SECURITIES> 356,971 <RECEIVABLES> 1,219,217 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,964,394 <PP&E> 18,693,783 <DEPRECIATION> 8,976,276 <TOTAL-ASSETS> 14,681,901 <CURRENT-LIABILITIES> 302,669 <BONDS> 5,084,507 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 9,294,725 <TOTAL-LIABILITY-AND-EQUITY> 14,681,901 <SALES> 0 <TOTAL-REVENUES> 765,979 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 443,822 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 105,923 <INCOME-PRETAX> 216,234 <INCOME-TAX> 0 <INCOME-CONTINUING> 216,234 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 216,234 <EPS-PRIMARY> 0 <EPS-DILUTED> 0