Best settings for night sky with stars on Olympus XZ-1?

Keep in mind this is my first camera!

All night I've been trying to get a good picture of the night sky, but I keep getting pictures like shown below with the camera. I've tried looking up some guides but none of them are really that helpful for what I'm trying for.

I want the sky to be black, but yet still see all the stars.

The picture you see below is ISO100, 60 second exposure, f/1.8, aperture 1.7 and no flash.

Example: http://i.imgur.com/a3qWq.jpg