<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.

<MULTIPLIER>                                                             1

<PERIOD-TYPE>                                                       3-MOS
<FISCAL-YEAR-END>                                               Jul-31-2001
<PERIOD-START>                                                  Aug-01-2000
<PERIOD-END>                                                    Jan-31-2001
<CASH>                                                            1,097,186

<SECURITIES>                                                         42,764
<RECEIVABLES>                                                       345,795
<ALLOWANCES>                                                              0
<INVENTORY>                                                               0
<CURRENT-ASSETS>                                                  2,542,088
<PP&E>                                                           54,372,560
<DEPRECIATION>                                                   24,067,349
<TOTAL-ASSETS>                                                   43,095,328
<CURRENT-LIABILITIES>                                             1,736,723
<BONDS>                                                                   0
<COMMON>                                                          2,178,297
<PREFERRED-MANDATORY>                                                     0
<PREFERRED>                                                               0
<OTHER-SE>                                                       30,067,865
<TOTAL-LIABILITY-AND-EQUITY>                                     43,095,328
<SALES>                                                                   0
<TOTAL-REVENUES>                                                  5,548,457
<CGS>                                                                     0
<TOTAL-COSTS>                                                             0
<OTHER-EXPENSES>                                                  4,653,911
<LOSS-PROVISION>                                                          0
<INTEREST-EXPENSE>                                                  286,034
<INCOME-PRETAX>                                                     730,302
<INCOME-TAX>                                                        283,000
<INCOME-CONTINUING>                                                 447,302
<DISCONTINUED>                                                            0
<EXTRAORDINARY>                                                           0
<CHANGES>                                                                 0
<NET-INCOME>                                                        447,302
<EPS-BASIC>                                                          0.22
<EPS-DILUTED>                                                          0.00