Exhibit 10.3


                     AMENDED AGREEMENT OF PURCHASE AND SALE
                   OF STAR OF TEXAS ENERGY SERVICES, INC. AND
                      STAR OF TEXAS MINERALS RESOURCES LLC

This Agreement for the Purchase and Sale of the assets as described in Exhibit
"A" of STAR OF TEXAS ENERGY SERVICES, INC., STAR OF TEXAS MINERALS RESOURCES
LLC, HYDRO-FX, INC and BARNETT HOLDING, LLC all of P.O. Box 4038, Lago Vista,
Texas, 78645, , (hereinafter collectively referred to as "Seller") and EXTERRA
ENERGY INC., of Suite 1415 - 115 West 7th Street, Fort Worth, Texas, 76102, a
duly incorporated company in the state of Nevada (hereinafter referred to as
"Buyer") is made as of September 19th, 2007 (hereinafter called the "Effective
Date").

         1. Purchase and Sale. Seller agrees to transfer, assign and convey and
Buyer agrees to receive one hundred (100.00%) percent of Assets (including the
future right to use the name "Star of Texas Energy Services" and "Star of Texas
Mineral Resources") of the Seller as fully described and detailed in Exhibit "A"
to this agreement, which is attached hereto and made a part hereof for all
pertinent purposes, the same as if set forth at length herein, subject to all
reservations, exclusions, limitations and other matters affecting Seller's
mineral and royalty interests in and to the lands and leases described in
Exhibit "A" herein and further subject to the reservations and exclusions set
forth Section 5, below. The "Assets" hereunder shall consist of those working
interests, leases, mineral interests, royalty interests non-participating
royalty interests described in Exhibit "A", attached hereto including but not
limited to all oil, gas and other mineral interests and royalties therefrom, all
interest in oil and gas wells located thereon and therein, all equipment on such
oil and gas wells and all revenues and proceeds attributable to the mineral
interests, royalty interests and non-participating royalty interests from and
after the Effective Date (as defined below).

         2.1 Price. The purchase price for the Assets (hereinafter referred to
as the ("Purchase Price") shall be the sum of $6,000,000.00 U. S. funds, at
closing. The form of the payment shall be in the "common shares" of the Buyer at
a deemed price of $0.75 per share for a total of 8,000,000 shares.

         2.2 Restricted Shares. Star of Texas Energy Services, Inc., is
acquiring the Shares of Buyer as part of a Type C reorganization within the
meaning of the Internal Revenue Service and will issue them to SMLL Trust in
return for its own shares currently held by SMLL Trust (such shares are
restricted stock). All Sellers are acquiring the Shares of Buyer for their own
account and not with a view to their distribution within the meaning of Section
2(11) of the Securities Act. Such Shares are restricted stock and have been
acquired for investment and have not been registered under the securities act of
1933, as amended. Without such registration, such Shares may not be sold,
pledged, hypothecated or otherwise transferred at any time whatsoever, except
upon delivery to the Buyer of an opinion of counsel satisfactory to the Buyer
that registration is not required for such transfer or the submission to the
Buyer of such other evidence as may be satisfactory to the Buyer to the effect
that any such transfer shall not be in violation of the securities act of 1933,
as amended, or applicable state securities laws or any rule or regulation
promulgated thereunder.


                                  Page 1 of 10
<PAGE>


         3. Closing.

         3.1. Date. The Closing shall be on or before October 17, 2007 in Lago
Vista, Texas (or such other location within the United States as mutually
designated by the Buyer and Seller) or before said date as mutually agreed to by
the Seller and the Buyer

         3.2. Apportionment of Costs. Each party hereto shall bear its own costs
and expenses associated with the transactions contemplated hereby, including
attorneys' and agents' fees. Buyer shall bear all costs related to geophysical
evaluation and all other matters of its due diligence, including, but not
limited to its landman fees, attorneys' fees, appraisal fees, as well as
lenders' fees.

         3.3. Prorations. Ad valorem property taxes shall be pro-rated to the
date of Closing. Seller shall pay all unpaid ad valorem property taxes which are
due on the closing date.

         3.4. Effective Date. The effective time of this purchase shall be at
11:59 p.m. on the 30th day of September, 2007. Seller shall be entitled to all
production, royalties in the pipe accruing to Seller's account through that
date.

         4. Title and Inspections.

         4.1. File Inspection. Upon reasonable notice to Seller, Buyer may
inspect all of Seller's files related to land titles and leases as such files
may be maintained in the office of Star of Texas Energy Services, Inc. located
at 7804 Bronco Lane, Suite 100, Lago Vista, Texas.

         4.2. Quality of Title. Seller shall deliver to Buyer at Closing, such
right, title and interest it has in the "Property" (including undivided
interests in numerous tracts) subject to the Properties being held in escrow for
title and lien curative work.

         4.3. Title Examination. Buyer shall satisfy itself prior to closing, as
to the title Seller has in all tracts described in Exhibit "A". Seller will
convey without warranty of title, all its right, title and interest in and to
the tracts described in Exhibit "A" attached hereto. Seller owns no interest in
the surface estate of any tracts of land described in Exhibit "A" attached
hereto unless noted. Seller makes no warranty or representation as to the gross
or net number of mineral acres owned by it.

         4.4 Title Defect Notices. In the event Buyer discovers defects in
Seller's title, the Buyer shall notify the Seller in writing. Thereafter, Seller
shall have until the closing date to cure any defect in title, at Seller's sole
cost and expense. All title defects not discovered or brought to Seller's
attention prior to September 21st, 2007 at 5:00 o'clock p.m. shall be deemed
waived by the Buyer.


                                  Page 2 of 10
<PAGE>


         4.5 Files and Records. Within thirty (30) days after the Closing and at
the Buyer's expense, Seller shall furnish to the Buyer all records relating to
its title as may be in its possession or in the possession of the Seller's
counsel.

         4.6 Buyer's Due Diligence. The Buyer shall and does rely on its
independent evaluation of the Property and all its constituent elements,
including hydrocarbon reserve analysis, production history, well data, lease
analysis, quantity of acreage and the like. The Buyer is charged with knowledge
obtainable from county land records as well as state, federal and regulatory
agency records which pertain to the Property or any part thereof, including
producing wells. The Seller does not warrant or represent to the Buyer any of
the following: 1) the accuracy or completeness of files, contracts, any other
information relating to the "Property" (including their constituent tracts); 2)
the quantity of acreage; 3) the quantity of production nor; 4) the quality
and/or amount of reserves, if any; 5) the ability of the "Property" to produce
hydrocarbons from the "Property"; nor 6) any other material matter.

         5. Warranties.

         5.1. Seller's Warranties. Seller represents and warrants to, and agrees
with, the Buyer as follows:

         5.1.1. Organization. The Sellers were all formed under the laws of
Texas and are validly existing and with full power and authority to own its
property and to conduct its business.

         5.1.2. Litigation and Claims. Other than those disclosed, to sellers
knowledge there are no actions, suits, claims, investigations or legal,
governmental, administrative or arbitration proceedings pending or threatened
against the Seller, nor to Seller's knowledge, any basis for any such claims
that have not been disclosed.

         5.1.3. Material Changes. Notwithstanding current prosecutions of lien
claims, since September 1st, 2007, there have been no material adverse changes
in the interest Seller owns in the land and leases set forth on Exhibit "A"
attached hereto and that until the Closing, the Seller's ownership in such lands
and leases shall be conducted in the usual, regular and ordinary manner in all
material respects.

         5.1.4. Authority. Seller has full power and authority to act in this
transaction and has taken all requisite actions, to authorize it to carry on its
business as presently conducted, and has taken or will take all such actions to
authorize it to enter into this Contract and to perform its obligations
hereunder.

         5.1.5. Contracts. To the best of Seller's knowledge, there are no
contracts, agreements or obligations which in any way bind the Seller, relating
to the Property, except outstanding Oil, Gas and Mineral Leases, Participation
Agreements, Joint Operating Agreements, and Farm-out agreements, regarding the
properties described in Exhibit "A" as set forth hereunder.


                                  Page 3 of 10
<PAGE>


         5.1.6. Title and Escrow: Certain Properties to be Held in Trust. It has
been disclosed that certain of the properties to be assigned are encumbered by
liens under section 53 and/or section 56 of the Texas Property Code. Those
properties are not subject to assignment until such time as the lien is released
or the lien holder consents in writing. Any assignments made of properties
subject to a lien will be delivered to and held in trust by Robert R. Durbin and
not effective until delivery of the written conveyance document to Buyer. Mr.
Durbin will upon obtaining a release of a lien or written consent from a
lienholder then notify the parties hereto and obtain written instructions for
the delivery of the conveyance document for that property. Upon delivery, the
conveyance document will be effective from the date stated there on.

         5.2. Buyer's Warranties. Buyer represents and warrants that:

         5.2.1. Organization. The Buyer is a corporation duly organized, validly
existing and in good standing under the laws of the State of Nevada, with full
corporate power and authority to own its property and to conduct its business.

         5.2.2. Authority. Buyer's execution, delivery and performance of this
Agreement has been duly authorized by all necessary corporate actions. A
secretarial certificate shall be prepared and submitted at closing, providing
satisfactory evidence of the necessary resolutions of the Buyer to approve the
execution of this Purchase and Sale Agreement as well as all requisite closing
and funding documents.

         5.2.3. Sophistication of the Buyer. Buyer is experienced and
knowledgeable in the oil and gas business and is aware of its risks. The Buyer
shall be afforded the opportunity to examine all relevant records of the Seller
prior to closing. The Buyers acknowledges and agrees that neither the Seller nor
any of its representatives or agents made representations or warranties, express
or implied, written or oral, on behalf of Seller, except as stated in this
Agreement. In entering into this Agreement, the Buyer acknowledges and affirms
it has and will rely exclusively upon its judgment, independent evaluation,
analysis and investigations with respect to the business, economic, legal, tax
and other consequences of the transaction contemplated by this Agreement.

         5.3 Representations and Warranties. The representations and warranties
of the Seller and the Buyer contained in this Agreement shall be true and
accurate as of the Closing Date and shall survive Closing.

         6. The Closing.

         6.1.1 Seller's Obligations at Closing. Seller shall deliver to Buyer an
Assignment bearing the effective date and time as set forth herein. The
Assignment shall apply to the "Property" set forth and described in Exhibit "A",
save and except any property unable to be sold due to perfected liens, which is
attached hereto for all pertinent purposes the same as if set forth at length
herein which shall be assigned pursuant to Section 5.1.6. Such conveyance shall
be subject to any and all existing Oil, Gas and Mineral Leases, Participation
Agreements, Joint Operating Agreements, and Farm-out agreements affecting the
subject Property, as well as any Oil, Gas and Mineral Leases executed by The
Seller during the term of this Purchase and Sale Agreement, as herein provided.


                                  Page 4 of 10
<PAGE>


The Seller shall notify all operators of the oil and gas leases which produce
royalty income of the change in ownership. Not withstanding the above, should
any property not be transferred on the closing date due to liens filed on the
property, those properties shall be transferred upon the release of those liens
as provided under section 5.1.6 above. Buyer shall pay all sales and use taxes
and related penalties and interest, if any, due as a result of this transaction.
Seller shall pay all transfer and documentary stamp fees. Buyer shall pay all
filing and recording fees required in connection with the filing and recording
of the Conveyance. Ad valorem taxes levied on the Properties for the Year 2007
shall be prorated to the Effective Date. Ad valorem taxes for the prorated
portion of 2007 prior to the Effective Date shall be paid by Seller to Buyer, at
closing or an adjustment to purchase price for the same shall be made at
closing. Ad valorem taxes for 2006 and all previous years shall be paid by
Seller prior to Closing and Seller shall protect, defend and hold Buyer harmless
from and against the payment of the same. Ad valorem taxes for the prorated
portion of 2007 attributable to Buyer and all subsequent years, shall be paid by
Buyer and Buyer shall protect, defend and hold Seller harmless from and against
the payment of same.

         6.1.2. Opinion of Seller's Counsel. Contemporaneously with execution of
this Agreement, Seller's counsel shall deliver an opinion letter certifying the
Seller has legal authority to execute the Purchase and Sale Agreement as well as
all reasonably necessary closing documents, including the Assignment.

         6.1.3. Seller's Further Assurances. After the closing, the Seller shall
execute and deliver or use reasonable efforts to cause to be executed and
delivered such other instruments of conveyance and transfer as may be reasonably
requested by the Buyer or any operator designated by Buyer.

         6.2.1. Buyer's Obligations at Closing. Buyer shall deliver to Seller
the total purchase price in "Common Shares" as described in Item 2 above. It
shall be the Buyer's obligation to obtain and execute Transfer Division Orders
from all operators of wells from which the Seller receives royalty income.

         6.2.2. Buyer's Board Resolution. Contemporaneously with the execution
of this Agreement, Buyer shall furnish to Seller a copy of its Board Resolution
together with its Secretarial Certificate evidencing Buyer's corporate authority
to enter into this Agreement as well as its authority to purchase the Assets, on
terms as herein set forth.

         6.2.3. Recording of Assignments and Deeds. The Buyer shall be
responsible for recording the Assignments and Deeds in the Official Public
Records of Real Property in counties in which the Properties are located Texas.
The Buyer shall furnish a copy of the recorded Assignments to Seller (at no
charge to the Seller) once the recorded documents are returned from the
respective county clerk's offices.

         6.2.4. Secretarial Certificate. The Buyer shall provide a Secretarial
Certificate to the closing agent which evidences the approval of the Buyer's
Directors and Shareholders, as the case may be, of the terms, conditions and
provisions of this Agreement as well as approving and granting authority to its
corporate officers to execute the requisite and necessary closing documents and
authorizing the funding of the purchase as contemplated herein. The parties
acknowledge that the principal of the Seller is on the Board of Directors and is
a shareholder of the Buyer and that he has recused himself from the deliberation
and approval by the Board of the Buyer. Further, the Buyer expressly waives any
conflict that might arise from this transaction as it related to such
relationship.


                                  Page 5 of 10
<PAGE>


         7. Termination/Default. Seller shall not terminate this Agreement
during the pendency of this Agreement unless one of the following occurs: Buyer
makes an assignment for the benefit of creditors; the filing by or against Buyer
of a petition to have Buyer adjudged a bankrupt, or a petition for
reorganization or arrangement under any law relating to bankruptcy; the
appointment of a trustee or receiver to take possession of substantially all of
Buyer's assets; or the attachment, execution or other judicial seizure of
substantially all of Buyer's assets without Buyer's prior written consent; the
trading of Buyer's stock being halted by order of the Securities and Exchange
Commission due to alleged trading irregularities, corruption or other
malfeasance by Buyer. The Seller shall have no further duty with regard to this
Agreement in the event Seller terminates this Agreement due to the occurrence of
any one of the preceding events.

         8. Confidentiality. The Seller and the Buyer shall hold the terms and
conditions of this Agreement as strictly confidential. The Seller shall not
disclose any information regarding this Agreement except on a need-to-know basis
to the Seller's shareholders and to the Seller's certified public accountants
and legal counsel. The Buyer shall not disclose any information regarding this
Agreement except as is necessary to comply with applicable United States of
America securities laws, including the Securities Exchange Act of 1934. Either
party may provide its consent, in writing, to the further disclosure of any of
the terms or provisions set forth herein.

         9. Indemnities.

         9.1 Seller's Indemnity: Seller hereby holds Buyer harmless and does
hereby indemnify Buyer from and against any and all claims under this agreement
and for commissions, finder's fees or other compensation, which may be due any
broker, agent or finder not set forth herein. Such indemnification includes
attorney's fees, court costs and all associated costs of litigation.

         9.2 Buyer's Indemnity: Buyer hereby holds Seller harmless and does
hereby indemnify Seller from and against any and all claims under this agreement
and for commissions, finder's fees or other compensation, which may be due any
broker, agent or finder not set forth herein. Such indemnification includes
attorney's fees, court costs and all associated costs of litigation.

         10. Successors and Assigns. This Agreement shall be binding upon and
inure to the benefit of Seller and Buyer, and their respective heirs, personal
representatives, successors and assigns.

         11. Entire Agreement. This Agreement contains the entire agreement
between Buyer and Seller and supersedes all prior agreements, if any. No
additions or modifications of any term or provision shall be effective unless
set forth in writing, signed by both Buyer and Seller.

         12. Time of Essence. Time is of the essence of each and every term,
condition, obligation and provision hereof.


                                  Page 6 of 10
<PAGE>


         13. Attorney Fees. In the event of any actions, suit or other
proceedings to enforce this Agreement, the prevailing party shall be entitled to
recover from the other party all of the prevailing party's costs and expenses of
suit, including but not limited to reasonable attorney's fees incurred.

         14. Notices. All notices, statements, demands, requests, consents,
approvals, authorizations, offers, agreements, appointments or designations
required under this Agreement or by law by either party to the other shall be in
writing and shall be deemed sufficiently given and served upon the other party
if personally served or sent by registered or certified mail, postage prepaid to
the following addresses:


                  To Seller:        STAR OF TEXAS ENERGY SERVICES, INC.
                                    P.O.Box 4675
                                    Lago Vista, TX 78645
                                    (512) 267-6005
                                    (512) 267-4459 facsimile
                                    rl@staroftexasenergy.com

                                    And

                                    STAR OF TEXAS MINERALS RESOURCES LLC
                                         P.O.Box 4675
                                    Lago Vista, TX 78645
                                    (512) 267-6005
                                    (512) 267-4459 facsimile
                                    rl@staroftexasenergy.com

                  With copy to:     Robert R. Durbin
                                    Law Offices of Robert R. Durbin
                                    P.O. Box 4675
                                    Lago Vista, TX 78645
                                    (512) 422-2493
                                    (512) 267-0223 facsimile
                                    durbinlaw@earthlink.net


                                  Page 7 of 10

<PAGE>


                  To Buyer:         EXTERRA ENERGY INC.
                                    c/o Mr. Gordon McDougall, CEO
                                    115 West 7th Street, Suite #1415
                                    Forth Worth, Texas 76012

                  With copy to:     Mark Robertson
                                    ROBERTSON & WILLIAMS
                                    3033 N.W. 63rd Street, Suite 200
                                    Oklahoma City, Okahoma 733116-3607
                                    Telephone: (405) 848-1944
                                    Fax: (405) 843-6707
                                    Mark@robertsonwilliams.com

The parties may designate any other address(es) for the service of notice by
furnishing same in accordance with this paragraph.

         15. Invalid Provisions. If any one or more of the provisions of this
Agreement shall for any reason be held to be invalid, unenforceable or illegal
in any respect, such invalidity, illegality or unenforceability shall not affect
any other provision of this Agreement, and this Agreement shall be construed as
if such invalid, illegal or unenforceable provision had never been set forth.

         16. Further Assurances. Each party agrees to execute such other and
further instructions as may be necessary or proper in order to consummate the
transaction contemplated by this Agreement.

         17. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Texas.

         18. Venue. The venue of any action brought by either party in regard to
this Agreement or arising out of the terms and conditions set forth herein shall
be exclusively held in either Tarrant County, Texas for state court actions. In
the event federal court actions are initiated, venue shall lie in the federal
district court for the Northern District of Texas.

         19. Acceptance. If this Agreement is not executed by Buyer and Seller,
in multiple originals, on or before 6:00 p.m. CDT, effective on September 29th,
2007, this Agreement shall be null and void and neither party shall have any
further obligations hereunder.

         20. Effectiveness. This Agreement shall become effective when executed
by Seller and Buyer and original executed copies of this Agreement are exchanged
by the parties.

         21. No Partnership Created. It is not the purpose or intention of this
Agreement to create (nor shall it be construed as creating) a joint venture,
partnership or any kind or type of association and the parties hereto are not
authorized to act as agent or principal for each other with respect to any
matter related hereto.


                                  Page 8 of 10
<PAGE>


         22. Counterparts. This Agreement may be executed in multiple
counterparts, and each counterpart shall be considered as if it were an
original. The parties agree that execution of this Agreement by a party and the
delivery of such party's signature by facsimile transmission to the other party
shall be fully effective as the original signature of such party, and the other
party may fully rely on the received facsimile signature of the signing party to
the fullest extent as if it were the original copy thereof. Each signing party
covenants and agrees to promptly deliver to the other party an original
counterpart copy of such signing party's signature following transmission
thereof by facsimile.


            [the remainder of this page is left blank intentionally]








                                  Page 9 of 10


<PAGE>


         Dated as of  October 17, 2007.


SELLER:


STAR OF TEXAS ENERGY SERVICES, INC.

And

STAR OF TEXAS MINERALS RESOURCES LLC




By:     /s/ Ray Ledesma
        -------------------------------
         Ray Ledesma
         President & CEO


BUYER:

EXTERRA ENERGY INC.





By:   /s/ Gordon McDougall
      ---------------------------------
       Gordon McDougall
       President



                                 Page 10 of 10

<PAGE>

<TABLE>
<CAPTION>
                                                            EXHIBIT "A"

------------------------------------------------------------------------------------------------------------------------------------

A) LIST OF ASSETS - STAR OF TEXAS ENERGY SERVICES, INC.
------------------------------------------------------------------------------------------------------------------------------------

                                                                                 Gross
Property                             Zone           Operator          Status     Acres        County            WI%            NRI%
--------                             ----           --------          ------     -----        ------            ---            ----
------------------------------------------------ --------------- ---------------------- ---------------------------- ---------------
<S>                              <C>                <C>             <C>            <C>         <C>            <C>
Garrett #1                       Bend Cong.        Star of TX      Producing                   Wise            100%             70%
272 acres (Shallow rights)
------------------------------------------------ --------------- ---------------------- ---------------------------- ---------------

Wright-Star Unit 1, Well #1      Barnett Shale     Star of TX      Producing       100         Wise     10.7851748%      7.9810303%
     100 acres out of a
     200 acre Unit
------------------------------------------------ --------------- ---------------------- ---------------------------- ---------------

Wright-Star Unit 1, Well #2      Barnett Shale     Star of TX      Producing       100         Wise     16.3849923%     12.1248943%
     100 acres out of a
     200 acre Unit
------------------------------------------------ --------------- ---------------------- ---------------------------- ---------------

Oates-Star #3H                   Barnett Shale     Star of TX      Producing     127.5         Wise     10.5772964%      7.5098804%
     127.5 acres out of a
     207.5 ac lease
------------------------------------------------ --------------- ---------------------- ---------------------------- ---------------

Davis #1H                        Barnett Shale     Star of TX      Producing        80        Denton     6.8697529%      5.1523147%
------------------------------------------------ --------------- ---------------------- ---------------------------- ---------------

Shepherd-Star #1H                Barnett Shale     Star of TX       Producing      145         Wise     13.5772963%      9.9114162%
------------------------------------------------ --------------- ---------------------- ---------------------------- ---------------

Brammer #1                       Barnett Shale     Star of TX      To be PxA                   Wise     15.0713179%
------------------------------------------------ --------------- ---------------------- ---------------------------- ---------------

Valley View #2                   Barnett Shale     Star of TX      To be PxA                  Denton       40.9556%
------------------------------------------------ --------------- ---------------------- ---------------------------- ---------------

Hodges #1H                       Barnett Shale     Star of TX      Producing     97.49         Wise        18.1999%     13.3259664%
------------------------------------------------ --------------- ---------------------- ---------------------------- ---------------

Naugle #1H                       Barnett Shale     Star of TX       Shut-in      75.67         Wise     13.5529843%     10.0292084%
------------------------------------------------ --------------- ---------------------- ---------------------------- ---------------

Lucky Lady #1H                   Barnett Shale     Star of TX      Producing       118         Wise      5.3926779%      3.9905816%
------------------------------------------------ --------------- ---------------------- ---------------------------- ---------------

Aaron-Star #1H                   Barnett Shale     Star of TX      Producing       100         Wise       4.380728%      2.8670318%
------------------------------------------------ --------------- ---------------------- ---------------------------- ---------------

Bullard #1H                      Barnett Shale     Star of TX      Producing      66.7         Wise     10.4691528%       7.747173%
------------------------------------------------ --------------- ---------------------- ---------------------------- ---------------

RSK-Star #5                      Barnett Shale     Star of TX      Producing        20         Wise     5.97205593%      4.2401621%
     20 acres out of a
     267 acre lease
------------------------------------------------ --------------- ---------------------- ---------------------------- ---------------

RSK-Star #6                      Barnett Shale     Star of TX    Ready to Frac      20         Wise     16.8029412%     12.4341765%
     20 acres out of a
     267 acre lease
------------------------------------------------ --------------- ---------------------- ---------------------------- ---------------

RSK-Star Vaughn Unit, Well #7    Barnett Shale     Star of TX      Producing    28.679         Wise      6.6000003%      4.8840002%
------------------------------------------------ --------------- ---------------------- ---------------------------- ---------------

Jennings #1H                     Barnett Shale     Star of TX      To be PxA                   Wise      28.767059%
------------------------------------------------ --------------- ---------------------- ---------------------------- ---------------




<PAGE>


Malcolm-Star #1H                     Barnett Shale     Star of TX      Producing        212    Wise     45.060366%  33.6731609%
---------------------------------------------------- --------------- -----------------------------------------------------------

Durant #1H                           Barnett Shale     Star of TX      Producing        110    Hood         9.889%     7.51564%
---------------------------------------------------- --------------- -----------------------------------------------------------

Robertson Unit #1                    Barnett Shale     Star of TX      Producing        212    Hood        6.3302%   4.9626936%
---------------------------------------------------- --------------- -----------------------------------------------------------

Garrett-Star #1H                     Barnett Shale     Star of TX    Ready to Frac      272    Wise    30.8163723%  23.4204429%
---------------------------------------------------- --------------- -----------------------------------------------------------

Pritchard Unit Well #1               Barnett Shale     Star of TX    Ready to Frac    100.5   Parker    19.504744%  14.4335106%
---------------------------------------------------- --------------- -----------------------------------------------------------

Mooney #1H                           Barnett Shale     Star of TX    Ready to Frac    53.57   Parker    17.064744%  12.6279106%
---------------------------------------------------- --------------- -----------------------------------------------------------

Boecker-Star #1H                     Barnett Shale     Star of TX    Ready to Frac    149.5   Parker     73.50477%  54.3935298%
---------------------------------------------------- --------------- -----------------------------------------------------------

Cooper B #1H                         Barnett Shale     Star of TX    Ready to Frac     57.8   Parker        71.60%      52.984%
---------------------------------------------------- --------------- -----------------------------------------------------------

Wilson A #1H                         Barnett Shale     Star of TX    Ready to Frac      160    Jack    56.2729562%  42.2047172%
---------------------------------------------------- --------------- -----------------------------------------------------------

McPherson B #1H                      Barnett Shale     Star of TX    Ready to Frac    115.3    Hill            75%       56.25%
---------------------------------------------------- --------------- -----------------------------------------------------------

Wilson B #1H                         Barnett Shale     Star of TX     Surf csg set      351    Jack            65%       48.75%
---------------------------------------------------- --------------- -----------------------------------------------------------

Wolfenburger #1H                     Barnett Shale     Star of TX     Wait on rig       163   Parker           65%       48.75%
---------------------------------------------------- --------------- -----------------------------------------------------------

Crowley Lease                        Barnett Shale     Star of TX      Drillsite         20   Denton          100%       74.47%
     20 acres out of a
     100 acre lease
---------------------------------------------------- --------------- -----------------------------------------------------------

3978.96 ac Odom Leases & Long
Creek Lease:                                                                         3978.96   Parker
Carried 2.625% WI for drilling &                                                              & Hood
  completion of all wells
  Odom Leases - Stevens &
  Slocum Ranch
   2573.33 ac Long Creek Land
   Holdings Lease
   - Martin Ranch 1405.63 ac
     Current wells:
    1) Odom Martin #1H               Barnett Shale     SM (CRZ0)       Producing                            2.625%       1.995%
    2) Odom Martin #2H               Barnett Shale     SM (CRZ0)       Producing                            2.625%       1.995%
    3) Odom Slocum #1H               Barnett Shale     SM (CRZ0)       Producing                            2.625%       1.995%
    4) Odom Stevens #1H              Barnett Shale     SM (CRZ0)       Producing                            2.625%       1.995%
    5) Odom Stevens #2H              Barnett Shale     SM (CRZ0)       Producing                            2.625%       1.995%
    6) Stevens Martin #1H            Barnett Shale     SM (CRZ0)       Producing                            2.625%       1.995%
    7) Martin Hyponex 1H Unit
      (132.18 ac add'l)              Barnett Shale     SM (CRZ0)       Producing     132.18   Parker       1.3125%      0.9975%
---------------------------------------------------- --------------- -----------------------------------------------------------

Robinson #1                          Barnett Shale        CRZO         Producing      179.2    Hood         2.625%       1.995%
---------------------------------------------------- --------------- -----------------------------------------------------------

Walker Waggoner #3                   Barnett Shale        CRZO         Producing        152    Wise        1.6875%   1.2909375%
---------------------------------------------------- --------------- -----------------------------------------------------------

Acrey #1                             Barnett Shale         WW          Producing     67.921  Tarrant         0.80%     0.59576%
---------------------------------------------------- --------------- -----------------------------------------------------------

City of Aurora #1                    Barnett Shale         WW          Producing     41.202    Wise           0.1%   0.0801626%
---------------------------------------------------- --------------- -----------------------------------------------------------


<PAGE>


Belew-Star #1                    Barnett Shale         WW          Producing             40         Wise            0.1%      0.071%
40 acres out of an
80 ac lease
------------------------------------------------ --------------- --------------- ----------- ---------------------------------------

Belew-Star #2                    Barnett Shale         WW          Producing             40         Wise            0.1%      0.071%
40 acres out of an
80 ac lease
------------------------------------------------ --------------- --------------- ----------- ---------------------------------------

Bradford #1                      Barnett Shale         WW          Producing             40        Denton           0.1%      0.075%
------------------------------------------------ --------------- --------------- ----------- ---------------------------------------

Brewer #1                        Barnett Shale         WW          Producing         41.324       Tarrant           0.1%      0.075%
------------------------------------------------ --------------- --------------- ----------- ---------------------------------------

Buchanan #1                      Barnett Shale         WW          Producing          40.14        Denton           0.7%    0.52675%
40.14 acres out of a
255.44 ac lease
------------------------------------------------ --------------- --------------- ----------- ---------------------------------------

Buchanan #2                      Barnett Shale         WW          Producing          40.36        Denton           0.7%    0.52675%
40.36 acres out of a
255.44 ac lease
------------------------------------------------ --------------- --------------- ----------- ---------------------------------------

Buchanan #3                      Barnett Shale         WW          Producing           40.5        Denton           0.8%      0.602%
40.5 acres out of a
255.44 ac lease
------------------------------------------------ --------------- --------------- ----------- ---------------------------------------

Buchanan #4                      Barnett Shale         WW          Producing           43.4        Denton         0.225%  0.1693125%
43.4 acres out of a
255.44 ac lease
------------------------------------------------ --------------- --------------- ----------- ---------------------------------------

Buchanan #5                      Barnett Shale         WW          Producing           48.2        Denton         0.225%  0.1693125%
48.2 acres out of a
255.44 ac lease
------------------------------------------------ --------------- --------------- ----------- ---------------------------------------

Buchanan #6                      Barnett Shale         WW          Producing           40.1        Denton         0.225%  0.1693125%
40.1 acres out of a
255.44 ac lease
------------------------------------------------ --------------- --------------- ----------- ---------------------------------------

Cates-Star #1                    Barnett Shale         WW          Producing             40         Wise            0.1%      0.071%
40 acres out of a
69.95 ac lease
------------------------------------------------ --------------- --------------- ----------- ---------------------------------------

Cates-Star #2                    Barnett Shale         WW          Producing          29.95         Wise            0.1%      0.071%
29.95 acres out of a
69.95 ac lease
------------------------------------------------ --------------- --------------- ----------- ---------------------------------------

Crowley #1                       Barnett Shale         WW          Producing             40        Denton           0.8%    0.59576%
40 acres out of a
100 ac lease
------------------------------------------------ --------------- --------------- ----------- ---------------------------------------

Crowley #2                       Barnett Shale         WW          Producing             40       Tarrant           0.1%    0.07447%
40 acres out of a
100 ac lease
------------------------------------------------ --------------- --------------- ----------- ---------------------------------------

Fleischaker #1                   Barnett Shale         WW          Producing             40        Denton           0.1%      0.075%
------------------------------------------------ --------------- --------------- ----------- ---------------------------------------

Gebert #1                        Barnett Shale         WW          Producing             40        Denton           0.8%   0.585764%
40 acres out of a
155.7 ac lease
------------------------------------------------ --------------- --------------- ----------- ---------------------------------------


<PAGE>


Gebert #2                         Barnett Shale         WW          Producing             40        Denton        0 8%   0.585764%
40 acres out of a
155.7 ac lease
------------------------------------------------- --------------- --------------- ----------- -------------------------------------

Gebert #3                         Barnett Shale         WW          Producing             40        Denton        0.8%   0.585764%
40 acres out of a
155.7 ac lease
------------------------------------------------- --------------- --------------- ----------- -------------------------------------

Gebert #4                         Barnett Shale         WW          Producing           35.7        Denton        0.8%   0.585764%
35.7 acres out of a
155.7 ac lease
------------------------------------------------- --------------- --------------- ----------- -------------------------------------

Kendall-Stephens #1               Barnett Shale         WW          Producing          42.11        Denton        0.1%     0.0745%
42.11 acres out of a
146.23 ac lease
------------------------------------------------- --------------- --------------- ----------- -------------------------------------

Kendall-Stephens #3               Barnett Shale         WW          Producing          40.02       Tarrant      0.725%   0.540125%
40.02 acres out of a
146.23 ac lease
------------------------------------------------- --------------- --------------- ----------- -------------------------------------

Kendall-Stephens #4               Barnett Shale         WW          Producing         24.083       Tarrant        0.1%     0.0745%
24.083 acres out of a
146.23 ac lease
------------------------------------------------- --------------- --------------- ----------- -------------------------------------

Nelson-Hyde #1                    Barnett Shale         WW          Producing             40        Denton      0.725%    0.54375%
40 acres out of a
60 ac lease
------------------------------------------------- --------------- --------------- ----------- -------------------------------------

Nelson-Hyde #2                    Barnett Shale         WW          Producing             20        Denton      0.725%    0.54375%
20 acres out of a
60 ac lease
------------------------------------------------- --------------- --------------- ----------- -------------------------------------

Oates-Star #1                     Barnett Shale         WW          Producing             40         Wise         0.1%      0.071%
40 acres out of a
207.5 ac lease
------------------------------------------------- --------------- --------------- ----------- -------------------------------------

Oates-Star #2                     Barnett Shale         WW          Producing             40         Wise         0.1%      0.074%
40 acres out of a
207.5 ac lease
------------------------------------------------- --------------- --------------- ----------- -------------------------------------

RSK #1                            Barnett Shale         WW          Producing             40         Wise        0.75%     0.5325%
40 acres out of a
267 ac lease
------------------------------------------------- --------------- --------------- ----------- -------------------------------------

RSK #2                            Barnett Shale         WW          Producing             40         Wise        0.75%     0.5325%
40 acres out of a
267 ac lease
------------------------------------------------- --------------- --------------- ----------- -------------------------------------

RSK #3                            Barnett Shale         WW          Producing             40         Wise         0.1%      0.071%
40 acres out of a
267 ac lease
------------------------------------------------- --------------- --------------- ----------- -------------------------------------

RSK #4                            Barnett Shale         WW          Producing             40         Wise         0.1%      0.071%
40 acres out of a
267 ac lease
------------------------------------------------- --------------- --------------- ----------- -------------------------------------

Sotel #1                          Barnett Shale         WW          Producing         44.541       Tarrant        0.1%  0.0743031%
------------------------------------------------- --------------- --------------- ----------- -------------------------------------

Wiggins #1                        Barnett Shale         WW          Producing          40.12       Tarrant       0.73%    0.53513%
40.12 acres out of a
77.921 ac lease
------------------------------------------------- --------------- --------------- ----------- -------------------------------------
<PAGE>


Wiggins #2                         Barnett Shale         WW          Producing      37.801       Tarrant            0.1%    0.07447%
37.801 acres out of a
77.921 ac lease
-------------------------------------------------- --------------- ------------------------ ----------------------------------------

Yorlum #1                          Barnett Shale         WW          Producing        41.9        Denton           0.73%     0.5402%
-------------------------------------------------- --------------- ------------------------ ----------------------------------------

Yorlum #2                          Barnett Shale         WW          Producing      45.199        Denton            0.1%      0.074%
-------------------------------------------------- --------------- ------------------------ ----------------------------------------

Summers #1                         Barnett Shale         TM          Producing      88.445       Tarrant            1.0%       0.75%
-------------------------------------------------- --------------- ------------------------ ----------------------------------------

Baker #1                           Barnett Shale         TM          Producing      125.06        Denton            1.0%       0.75%
-------------------------------------------------- --------------- ------------------------ ----------------------------------------

Strain 1H                          Barnett Shale         AE          Producing      131.23        Parker            0.5%      0.375%
-------------------------------------------------- --------------- ------------------------ ----------------------------------------

Crawford Edwards 1H                Barnett Shale         AE          Producing      220.17        Parker            0.5%      0.375%
-------------------------------------------------- --------------- ------------------------ ----------------------------------------

Floyd 1H                           Barnett Shale         AE          Producing       226.0        Parker            0.5%      0.375%
-------------------------------------------------- --------------- ------------------------ ----------------------------------------

Dalton Miller #1H                  Barnett Shale         AE          Producing       226.0        Parker            0.5%      0.375%
-------------------------------------------------- --------------- ------------------------ ----------------------------------------

Salmon & Zimmerer leases           Barnett Shale         AE          Drillsite         133        Denton            1.0%       0.74%
     Carried WI during
     drilling & completion
-------------------------------------------------- --------------- ------------------------ ----------------------------------------

JMK #1                             U. Vicksburg          MP          Producing                    Starr                      1% ORRI
-------------------------------------------------- --------------- ------------------------ ----------------------------------------

Panther-Sunoco Barnett
     Shale Pipeline - 1.625 Units                     Panther         Tested                      Bosque          1.625%
-------------------------------------------------- --------------- ------------------------ ----------------------------------------

Vehicles:
     Hummer H2 2006 -
     VIN 5GRGN23U06H100764
     Ford F-150 2001 -
     VIN 1FTRW08L71KE66129
-------------------------------------------------- --------------- ------------------------ ----------------------------------------

Office furniture - Lago Vista &
     Woodlands Offices
-------------------------------------------------- --------------- ------------------------ ----------------------------------------

------------------------------------------------------------------------------------------- ----------------------------------------

B) LIST OF ASSETS - STAR OF TEXAS MINERAL RESOURCES, LLC
-------------------------------------------------- --------------- ------------------------ ----------------------------------------

Property                               Zone           Operator         Status       Acres         County             WI%        NRI%
--------                               ----           --------         ------       ------        ------             ---        ----
-------------------------------------------------- --------------- ------------------------ ----------------------------------------

   14 Mineral Leases               Barnett Shale     Star of TX      Undrilled    7229.202       que & Han    11.917957%  9.2960064%
-------------------------------------------------- --------------- ------------------------ ----------------------------------------

   Young, Miles, etal Lease        Barnett Shale     Star of TX      Undrilled      107.41         Wise        23.35910%  18.220098%
-------------------------------------------------- --------------- ------------------------ ----------------------------------------

   M. Waller Lease                 Barnett Shale     Star of TX      Undrilled       48.08        Parker       23.35910%  18.220098%
-------------------------------------------------- --------------- ------------------------ ----------------------------------------

Mooney #1H - Overriding Royalty    Barnett Shale     Star of TX    Ready to Frac     53.57        Parker                    0.46718%
-------------------------------------------------- --------------- ------------------------ ----------------------------------------

Pritchard #1H - Overriding Royalty Barnett Shale     Star of TX    Ready to Frac     100.5        Parker                       0.64%
-------------------------------------------------- --------------- ------------------------ ----------------------------------------


<PAGE>


Boecker-Star #1H - Overriding Royalty     Barnett Shale    CRZO     Ready to Frac   149.5     Parker                     0.23359%
------------------------------------------------------------------------------------------------------------------ ---------------

4H Ranch #1H - API# 42-251-30633          Barnett Shale    CRZO       Producing    181.17    Johnson         1.5%        1.10988%
------------------------------------------------------------------------------------------------------------------ ---------------

Haller Unit #1H - API# 42-217-30419       Barnett Shale    CRZO       Producing    290.56      Hill           N/A        2.50212%
------------------------------------------------------------------------------------------------------------------ ---------------

------------------------------------------------------------------------------------------------------------------ ---------------

C) LIST OF ASSETS - BARNETT
   HOLDING, LLC
------------------------------------------------------------------------------------------------------------------ ---------------

Property                                                 Operator       Status      Acres     County          WI%            NRI%
--------                                                 --------       ------      -----     ------          ---            ----
------------------------------------------------------------------------------------------------------------------ ---------------

Panther-Sunoco Barnett Shale
    Pipeline - 3.375 Units                                Panther       Tested        N/A     Bosque       3.375%
------------------------------------------------------------------------------------------------------------------ ---------------

------------------------------------------------------------------------------------------------------------------ ---------------

D) LIST OF ASSETS - HYDRO-FX, INC.
------------------------------------------------------------------------------------------------------------------ ---------------

Property                                                 Operator       Status      Acres     County          WI%            NRI%
--------                                                 --------       ------      -----     ------          ---            ----
------------------------------------------------------------------------------------------------------------------ ---------------

Hydro-FX #1 Commercial
   Disposal Well                                          Hydro-FX     Deepening      41.7      Wise        5.570%
------------------------------------------------------------------------------------------------------------------ ---------------
</TABLE>