TABLE OF CONTENTS



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|PART I.           |                                              |                                                                                      |    |     
|                  | ITEM 1.
FINANCIAL STATEMENTS                 |                                                                                      |    | 3    |  
|                  |                                              | Unaudited Balance Sheet as of March 31, 2005                                         |    |      | 4 | 
|                  |                                              | Unaudited Statement of Operations for the three months ended March 31, 2005 and 2004 |    |      | 5 | 
|                  |                                              | Unaudited Statement of Cash Flows for the three months ended March 31, 2005 and 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              |                                                                                      |    | 13   |  
|PART II.          |                                              |                                                                                      |    |     
|                  | ITEM 6.
EXHIBITS                             |                                                                                      |    | 13   |  
|                  | SIGNATURES                                   |                                                                                      |    | 14   |  
|INDEX TO EXHIBITS |                                              |                                                                                      | 15 |     

### 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 the 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 Form 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 20                                                                      
|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 20                                                                      
|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 200                                                                                                                 
|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 200                                                                                                                 

* Incorporated by reference from previous filings of Star.