UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C. 20549

                           FORM 10-QSB

[X]   QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
      ACT OF 1934

      For the quarterly period ended March 31, 2005

      OR

[ ]   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934

      Commission File No.000-31355


                   SUNCREST GLOBAL ENERGY CORP.
          (Name of small business issuer in its charter)

            NEVADA                          81-0438093
   (State of incorporation)         (I.R.S. Employer Identification No.)

3353 South Main, #584, Salt Lake City, Utah     84115
(Address of principal executive offices)      (Zip code)

Issuer's telephone number:  (702) 946-6760

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.  Yes  [ X ]   No  [   ]

As of May 9, 2005, Suncrest Global Energy Corp. had a total of 39,050,000
shares of common stock issued and outstanding.

Transitional small business disclosure format:  Yes  [   ]   No  [ X ]


<PAGE>

                        TABLE OF CONTENTS

                  PART I: FINANCIAL INFORMATION

Item 1.  Financial Statements.............................................2

Item 2.  Plan of Operations...............................................8

Item 3.  Controls and Procedures..........................................8

                    PART II: OTHER INFORMATION

Item 6.  Exhibits.........................................................9

Signatures................................................................9



                 _______________________________




                  PART I: FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

The financial information set forth below with respect to our statements of
operations for the three and nine month periods ended March 31, 2005 and 2004
are unaudited.  This financial information, in the opinion of management,
includes all adjustments consisting of normal recurring entries necessary for
the fair presentation of such data.  The results of operations for the six
month period ended March 31, 2005 are not necessarily indicative of results to
be expected for any subsequent period.


                                2

<PAGE>





                   Suncrest Global Energy Corp.

               (Formerly Galaxy Specialties, Inc.)

                  (A Development Stage Company)

                       Financial Statements

                          March 31, 2005




                                3

<PAGE>





                   SUNCREST GLOBAL ENERGY CORP.
                  (A Development Stage Company)
                          Balance Sheets



                              ASSETS
                              ------

                                                      March 31    December 31
                                                        2005          2004
                                                   ------------- -------------
                                                    (Unaudited)
Current Assets
  Cash                                             $     10,672  $      9,390
                                                   ------------- -------------

    Total Current Assets                                 10,672         9,390

Property, Plant and Equipment, net                      464,230       464,230
                                                   ------------- -------------

    Total Assets                                   $    474,902  $    473,620
                                                   ============= =============


               LIABILITIES AND STOCKHOLDERS' EQUITY
               ------------------------------------

Current Liabilities
  Accounts Payable                                 $     44,112  $     44,099
  Accrued Expenses                                       63,581        49,416
  Notes Payable                                         198,697       188,697
                                                   ------------- -------------

    Total Current Liabilities                           306,390       282,212
                                                   ------------- -------------

    Total Liabilities                                   306,390       282,212
                                                   ------------- -------------
STOCKHOLDERS' EQUITY

  Preferred Stock, Authorized 5,000,000
    Shares, $.01 Par Value, Issued and
    Outstanding 0 Shares                                      -             -
  Common Stock, $.001 par value; 70,000,000
    shares authorized; 39,050,000 and 38,050,000
    shares issued and outstanding respectively           39,050        39,050
  Additional Paid-in Capital                            461,380       461,380
  Deficit Accumulated During the Development Stage     (331,918)     (309,022)
                                                   ------------- -------------

    Total Stockholders' Equity                          168,512       191,408
                                                   ------------- -------------

    Total Liabilities and Stockholders' Equity     $    474,902  $    473,620
                                                   ============= =============


                                4

<PAGE>
<TABLE>
<CAPTION>

                        SUNCREST GLOBAL ENERGY CORP.
                     (Formerly Galaxy Specialties, Inc.)
                        (A Development Stage Company)
                          Statements of Operations
                                 (Unaudited)


                                For the       For the       For the        For the        From
                             three months   three months  nine months   nine months   Inception on
                                ended          ended         ended          ended      July 9, 1996
                               March 31,     March 31,      March 31,     March 31,   to March 31,
                                 2005          2004           2005           2004         2005
                            -------------- ------------- -------------- ------------- -------------

                         <c>            <c>           <c>            <c>           <c>
REVENUES                    $           -  $          -  $           -  $          -  $          -

Cost of Sales                           -             -              -             -             -
                            -------------- ------------- -------------- ------------- -------------

 Gross Profit (Loss)                    -             -              -             -             -
                            -------------- ------------- -------------- ------------- -------------
OPERATING EXPENSES
 Engineering & Consulting               -             -              -             -        46,269
 General & Administrative           1,847         8,142          8,632        65,558       221,368
                            -------------- ------------- -------------- ------------- -------------

   Total Operating Expenses         1,847         8,142          8,632        65,558       267,637
                            -------------- ------------- -------------- ------------- -------------

 Net Operating Income (Loss)       (1,847)       (8,142)        (8,632)      (65,558)     (267,637)

Other Income (Expense)
 Interest Expense                  (4,755)       (5,000)       (14,265)      (14,208)      (63,481)
                            -------------- ------------- -------------- ------------- -------------
   Total Other Income (Expense)    (4,755)       (5,000)       (14,265)      (14,208)      (63,481)

Income Tax Expense                      -             -              -             -          (800)
                            -------------- ------------- -------------- ------------- -------------

Net Income (Loss)           $      (6,602) $    (13,142) $     (22,897) $    (79,766) $   (331,918)
                            ============== ============= ============== ============= =============

NET LOSS PER SHARE          $           -  $          -  $           -  $          -  $      (0.02)
                            ============== ============= ============== ============= =============
WEIGHTED AVERAGE SHARES
  OUTSTANDING                  39,050,000    39,050,000     39,050,000    38,494,444    17,972,247
                            ============== ============= ============== ============= =============


                                      5
<PAGE>
</TABLE>
<TABLE>
<CAPTION>



                        SUNCREST GLOBAL ENERGY CORP.
                        (A Development Stage Company)
                          Statements of Cash Flows
                                 (Unaudited)



                                                                                 From
                                                                                 Inception on
                                                         For the nine ended      July 9,
                                                              March 31,          1996 Through
                                                   ----------------------------- March 31,
                                                        2005           2004      2005
                                                   --------------- ------------- ---------------

                                                <c>             <c>           <c>
Cash Flows from Operating Activities:
  Net Income (Loss)                                $     (22,897)  $    (79,766) $     (331,918)
  Adjustments to Reconcile net Loss to Net Cash
   Provided by Operations:
     Stock Issued for Services                                 -         10,000          10,000
  Change in Operating Assets and Liabilities:
     (Increase) Decrease in:
     Accounts Receivable                                       -              -               -
     Inventory                                                 -              -               -
     Increase (Decrease) in:
     Accounts Payable & Accrued Expenses                  14,179         14,196          79,692
                                                   --------------- ------------- ---------------

  Net Cash Provided (Used) by Operating Activities        (8,718)       (55,570)       (242,226)
                                                   --------------- ------------- ---------------

  Net Cash Provided (Used) by Investing Activities             -              -               -
                                                   --------------- ------------- ---------------

Cash Flows from Financing Activities:
  Proceeds from Issuance of Common Stock                       -              -           6,800
  Proceeds from Notes Payable                             10,000         27,000         291,098
  Principal Payments on Notes Payable                          -              -         (45,000)
                                                   --------------- ------------- ---------------

  Net Cash Provided (Used) by Financing Activities        10,000         27,000         252,898
                                                   --------------- ------------- ---------------

Increase (Decrease) in Cash                                1,282        (28,570)         10,672

Cash and Cash Equivalents at Beginning of Period           9,390         40,225               -
                                                   --------------- ------------- ---------------

Cash and Cash Equivalents at End of Period         $      10,672   $     11,655  $       10,672
                                                   =============== ============= ===============

Supplemental Cash Flow Information:

  Cash Paid For:
    Interest                                       $          -  $            -  $            -
    Income Taxes                                   $          -  $            -  $          700

  Non-Cash Investing and Financing Activities:
    Assets Contributed by Shareholder              $          -  $            -  $      498,430
    Stock Issued for Notes Payable                 $          -  $            -  $       13,200



</TABLE>
<PAGE>
                   Suncrest Global Energy Corp.
                  (A Development Stage Company)
                Notes to the Financial Statements
                          March 31, 2005


GENERAL
-------

Suncrest Global Energy Corp. (the Company) has elected to omit substantially
all footnotes to the financial statements for the nine months ended March 31,
2005 since there have been no material changes (other than indicated in other
footnotes) to the information previously reported by the Company in their
Annual Report filed on the Form 10-KSB for the twelve months ended June 30,
2004.

UNAUDITED INFORMATION
---------------------

The information furnished herein was taken from the books and records of the
Company without audit.  However, such information reflects all adjustments
which are, in the opinion of management, necessary to properly reflect the
results of the interim period presented.  The information presented is not
necessarily indicative of the results from operations expected for the full
fiscal year.



                                7
<PAGE>

In this quarterly report references to "Suncrest Global," "we," "us," and
"our" refer to Suncrest Global Energy Corp.

        SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

The Securities and Exchange Commission ("SEC") encourages companies to
disclose forward-looking information so that investors can better understand
future prospects and make informed investment decisions.  This report contains
these types of statements.  Words such as "may," "will," "expect," "believe,"
"anticipate," "estimate," "project," or "continue" or comparable terminology
used in connection with any discussion of future operating results or
financial performance identify forward-looking statements.  You are cautioned
not to place undue reliance on the forward-looking statements, which speak
only as of the date of this report.  All forward-looking statements reflect
our present expectation of future events and are subject to a number of
important factors and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements.

ITEM 2.  PLAN OF OPERATION

We are a development stage company, have not recorded revenues in the past two
fiscal years and have suffered losses since our inception.  Our auditors have
expressed doubt that we can continue as a going concern if we do not obtain
financing.  At the nine month period ended March 31, 2005, we had $10,672 cash
on hand and total assets of $474,902, which include property, plant and
equipment of $464,230.  Our total current liabilities were $306,390 at March
31, 2005, and consist of $198,697 notes payable to third parties, $63,581
accrued expenses and $44,112 accounts payable.

We own a mini oil refinery located in Green River, Utah that we are in the
process of restoring to operational status.  A mini refinery uses a scaled
down, low cost refining and recycling process which processes crude oil or
recycles waste oils.  Our business plan is to restore our mini refinery's
operations, then develop a manufacturing and marketing plan to sell a turnkey
mini refinery or waste oil refinery to prospective customers.  We have
identified a market segment for our mini refinery where the location is
unattractive to large refiners because there is limited output volume, limited
feed stock and the area presents problems for large refinery equipment.

Historically, we have relied on advances from related parties to cover our
administrative, legal and accounting expenses.  Management believes advances
and loans will provide funds for our operations in the short term.  For the
long term, we anticipate future funding will be a combination of revenues from
the mini refinery, once it is operational, and loans or advances from related
parties.  We may repay these loans, costs of services and advancements with
cash, if available, or we may convert them into common stock.

Additional capital may also be provided by private placements of our common
stock.  We expect that any private placement of stock will be issued pursuant
to exemptions from the registration requirements provided by federal and state
securities laws.  The purchasers and manner of issuance will be determined
according to our financial needs and the available exemptions.  We also note
that if we issue more shares of our common stock our shareholders may
experience dilution in the value per share of their common stock.


ITEM 3.  CONTROLS AND PROCEDURES

Our President, who also acts in the capacity of principal executive officer
and principal financial officer, has concluded that the disclosures related to
the effectiveness of our disclosure controls and procedures and our internal
control over financial reporting made in our annual report on Form 10-KSB,
filed September 27, 2004, remain accurate.

                                8
<PAGE>

                    PART II: OTHER INFORMATION

ITEM 6.  EXHIBITS

Part I Exhibits

31.1 Principal Executive Officer Certification
31.2 Principal Financial Officer Certification
32.1 Section 1350 Certification

Part II Exhibits

2.1  Agreement and Plan of Reorganization between Suncrest Global and Coyote
     Oil, dated June 10, 2003 (Incorporated by reference to exhibit 2.1 of
     Form 8-K, as amended, filed June 16, 2003)
3.1  Restated Articles of Incorporation (Incorporated by reference to exhibit
     3.1 of Form 10-KSB, filed October 15, 2003)
3.2  Restated bylaws of Suncrest Global (Incorporated by reference to exhibit
     3.2 of Form 10-KSB, filed October 15, 2003)


                            SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                                     SUNCREST GLOBAL ENERGY CORP.

                                     /s/ John W. Peters
Date: May 12, 2005               By: _______________________________________
                                     John W. Peters
                                     President, Principal Executive Officer,
                                     Principal Financial Officer, and Director




                                9