<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> MAR-31-1999 <CASH> 679,258 <SECURITIES> 7,518,108 <RECEIVABLES> 449,540 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 11,273,303 <PP&E> 70,873,495 <DEPRECIATION> 20,429,189 <TOTAL-ASSETS> 62,917,565 <CURRENT-LIABILITIES> 3,078,027 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 3,385,874 <TOTAL-LIABILITY-AND-EQUITY> 62,917,565 <SALES> 4,778,198 <TOTAL-REVENUES> 4,808,232 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 3,130,546 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,162,835 <INCOME-PRETAX> 515,069 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 515,069 <EPS-PRIMARY> 2.97 <EPS-DILUTED> 2.97