TABLE OF CONTENTS



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|PART I.           |                                              |                                                                                                                                                     |    |     
|                  | ITEM 1. FINANCIAL STATEMENTS                 |                                                                                                                                                     |    | 3    |  
|                  |                                              | Unaudited  Balance Sheet as of June 30, 2004                                                                                                        |    |      | 4 | 
|                  |                                              |                                                                                                                                                     |    |      |   | 
|                  |                                              | Unaudited Statement of Operations for the three and six months ended June 30, 2004 and 2003 and the period since Date of Inception to June 30, 2004 |    |      | 5 | 
|                  |                                              | Unaudited Statement of Cash Flows for the six months ended June 30, 2004 and 2003 and the period since Date of Inception to June 30, 2004           |    |      | 6 | 
|                  |                                              | Notes to Unaudited Financial Statements                                                                                                             |    |      | 7 | 
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|                  | ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS |                                                                                                                                                     |    | 8    |  
|                  | ITEM 3. CONTROLS AND PROCEDURES              |                                                                                                                                                     |    | 12   |  
|PART II.          |                                              |                                                                                                                                                     |    |     
|                  |                                              |                                                                                                                                                     |    |      |  
|                  |                                              |                                                                                                                                                     |    |      |  
|                  | ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K     |                                                                                                                                                     |    | 12   |  
|                  | SIGNATURES                                   |                                                                                                                                                     |    | 13   |  
|INDEX TO EXHIBITS |                                              |                                                                                                                                                     | 14 |     

### INDEX TO EXHIBITS

|Exhibit No. | Page No. | Description                                                                                                                                                                                                                                                                                                            
|----------- | -------- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|3(i)(a)     | *        | Articles of Incorporation of Star (incorporated by reference from the Form 10-SB filed with the
                           Securities and Exchange Commission on February 3, 2000).                                                                                                                                    
|3(i)(b)     | *        | Amended Articles of Incorporation of Star (incorporated by reference from the Form 10-KSB filed with
                           the Securities and Exchange Commission on March 11, 2003).                                                                                                                             
|3(ii)       | *        | Bylaws of Star (incorporated by reference from the Form 10-SB filed with the Securities and Exchange
                           Commission on February 3, 2000).                                                                                                                                                       
|10(i)       | *        | Assignment and Bill of Sale between Star and Monument Resources, Inc. in connection with that
                           acquisition of the Galvan Ranch wells interest (incorporated by reference from the Form 10-QSB filed with
                           the Securities and Exchange Commission on July 17, 2003).
|14          | *        | Code of Ethics adopted March 1, 2004 (incorporated by reference from the 10-KSB filed with the Securities and Exchange Commission on April 14, 2004).                                                                                                                                                                  
|31(a)       | Attached | Certification of the Chief Executive Officer pursuant to Rule 13a-14 of the Securities and Exchange Act of 1934,
                           as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                          
|31(b)       | Attached | Certification of the Chief Financial Officer pursuant to Rule 13a-14 of the Securities and Exchange Act of 1934,
                           as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                          
|32(a)       | Attached | Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section
906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                  
|32(b)       | Attached | Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section
906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                  

* Incorporated by reference from
previous filings of Star.