<TABLE> <S> <C>

<ARTICLE>                                                                5
<LEGEND>
This schedule contains summary financial information extracted
from the contained quarterly 10-Q and is qualified in its
entirety by reference to such Form 10-Q.
</LEGEND>
<MULTIPLIER>                                                             1

<PERIOD-TYPE>                                                       3-MOS
<FISCAL-YEAR-END>                                               Jul-31-2001
<PERIOD-START>                                                  Aug-01-2000
<PERIOD-END>                                                    Oct-31-2000
<CASH>                                                            1,630,689
<S>
<SECURITIES>                                                         42,224
<RECEIVABLES>                                                       433,944
<ALLOWANCES>                                                              0
<INVENTORY>                                                               0
<CURRENT-ASSETS>                                                  2,735,575
<PP&E>                                                           53,579,959
<DEPRECIATION>                                                   23,818,742
<TOTAL-ASSETS>                                                   42,481,618
<CURRENT-LIABILITIES>                                             2,019,966
<BONDS>                                                                   0
<COMMON>                                                          2,178,297
                                                     0
                                                               0
<OTHER-SE>                                                                0
<TOTAL-LIABILITY-AND-EQUITY>                                     42,481,618
<SALES>                                                                   0
<TOTAL-REVENUES>                                                  2,736,892
<CGS>                                                                     0
<TOTAL-COSTS>                                                             0
<OTHER-EXPENSES>                                                  2,165,550
<LOSS-PROVISION>                                                          0
<INTEREST-EXPENSE>                                                  144,155
<INCOME-PRETAX>                                                     487,475
<INCOME-TAX>                                                        174,000
<INCOME-CONTINUING>                                                 313,475
<DISCONTINUED>                                                            0
<EXTRAORDINARY>                                                           0
<CHANGES>                                                                 0
<NET-INCOME>                                                        313,475
<EPS-BASIC>                                                          0.15
<EPS-DILUTED>                                                          0.00


</TABLE>



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