UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~WASHINGTON~~Washington, DC 20549

FORM 8-K

CURRENT REPORT ~~PURSUANT~~

~~TO SECTION~~Pursuant to Section 13 OR 15(Dd) ~~OF THE~~

~~SECURITIES EXCHANGE~~of ~~ACT~~the OFSecurities Exchange Act of 1934

Date of ~~report~~ Report (Date of earliest event reported): ~~November 6~~March 12, ~~2006~~2007

STAR ENERGY CORPORATION

(Exact ~~Name~~ name of ~~Registrant~~registrant as ~~Specified~~specified in ~~Its~~its ~~Charter~~charter)

NEVADA

Nevada

000-29323

87-0643634

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

~~(State or Other~~317 ~~Jurisdiction~~Madison ofAvenue ~~Incorporation)~~

~~000-29323~~New ~~(Commission~~York, ~~File~~New ~~Number)~~York ~~87-0643634~~10017 ~~IRS Employer Identification No.)~~

~~245 Park Avenue,~~(Address ~~24th~~of principal executive offices) (Zip Code) ~~and 39th Floors~~

~~New York~~Registrant’s telephone number, ~~New~~ ~~York~~including ~~10167~~area code: (212) 500-5006

~~(Address~~Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the reporting obligation of ~~Principal~~the ~~Executive~~registrant ~~Offices)~~under any of the following provisions:

~~(Zip Code)~~¨ Written communications pursuant to Rule 425 under the Securities Act

~~212~~¨ Soliciting material pursuant to Rule 14a-~~792-4334~~12 of the Exchange Act

~~(Registrant's Telephone~~¨ ~~Number,~~Pre-commencement ~~Including~~communications ~~Area~~pursuant ~~Code~~to Rule 14d-2(b) Exchange Act

~~(Former Name~~¨ orPre-commencement ~~Former~~communications ~~Address,~~pursuant ifto ~~Changed~~Rule ~~Since~~13e-4(c) ~~Last~~Exchange ~~Report)~~Act

~~Check the appropriate~~ITEM ~~box~~1.01 ~~below~~ENTRY ifINTO ~~the~~A ~~Form~~MATERIAL ~~8-K~~DEFINITIVE ~~filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):~~AGREEMENT

~~|_|~~On ~~Written~~March 12, ~~communications~~2007, ~~pursuant~~Star Energy Corporation (the “Company”) entered into a memorandum of understanding to ~~Rule~~acquire ~~425~~Anglo-Ukra ~~under~~Energy, a Ukranian holding company. Anglo-Ukra Energy is a special purpose Ukrainian holding entity for acquisition and development of certain Ukrainian energy projects. The memorandum provides the ~~Securities~~Company ~~Act~~with the right to concessions of three oil and gas fields in the Ukraine (17Region, ~~CFR~~Sakhalinska and Bukovyna). The three fields subject to the ~~230~~memorandum contain total reserves of over 150 million barrels of oil and 75 billion cubic feet of natural gas.~~425)~~ In connection with the transaction, the Company has agreed to issue, at the closing of the transactions under a definitive agreement to be negotiated and executed, 1,500,000 shares of common stock. As part of the Company’s anticipated expansion into the Ukraine, the Company plans to open and staff an office in Kiev.

~~|_| Soliciting~~The ~~material~~closing ~~pursuant~~of the transaction will be subject to ~~Rule~~the ~~14a-12~~execution ~~under~~of a definitive agreement and to the ~~Exchange~~conditions ~~Act~~to ~~(17~~be ~~CFR~~set forth in the definitive ~~240~~agreement, including approval by the Company’s Board of Directors, completion of due diligence, and receipt of required governmental and third party approvals.~~14a-12)~~ In addition, the closing of this transaction will be conditioned upon the execution by a third party of a release relinquishing all rights in an option to acquire Region. There can be no assurance that the Company will complete the transactions contemplated by the memorandum.

~~|_| Pre-commencement~~ITEM ~~communications~~4.01 ~~pursuant~~CHANGES toIN ~~Rule~~REGISTRANT’S ~~14d-2(b)~~CERTIFYING ~~under the Exchange Act (17 CFR 240.14d-2(b))~~ACCOUNTANT

~~|_| Pre-commencement~~The ~~communications~~information ~~pursuant~~in Item 4.02 to ~~Rule~~this ~~13e~~current report on Form 8-~~4(c)~~K ~~under~~is ~~the~~incorporated ~~Exchange Act (17~~by ~~CFR~~reference ~~240.13e-~~into this Item 4~~(c))~~.01.

~~Section 1~~ITEM 4.02 NON-RELIANCE ~~Registrant's~~ON ~~Business~~PREVIOUSLY ~~and~~ISSUED ~~Operations~~FINANCIAL STATEMENTS OR A RELATED AUDIT REPORT OR COMPLETED INTERIM REPORT

~~Item~~The Company has been advised that financial statements previously filed by the Company for its subsidiary, Volga-Neft Limited Company 1(“Volga-Neft”), should no longer be relied upon.01 ~~Entry~~The ~~into~~financial statements for Volga-Neft were filed in the Company’s December 8, 2006 Form 8-K/A in connection with its acquisition of Volga-Neft. RSM Top-Audit provided the audited financial statements for Volga-Neft in connection with that transaction. During the course of the Company’s audit for 2006, the Company’s independent auditors requested certain documentation from RSM Top-Audit regarding the financial statements for Volga-Neft. After delays in obtaining the appropriate information, the Company and its independent auditors were informed by RSM Top-Audit that RSM Top-Audit is of the position that it had not audited the financial statements of Volga-Neft, including the financial information that was filed by the Company in its December 8, 2006 Form 8-K/A. The Company and its advisors have sought to discuss these matters with RSM Top-Audit, but have been unable to consult directly with the personnel responsible for the audit of Volga-Neft and have received conflicting information from RSM Top-Audit. Volga-Neft has dismissed RSM Top-Audit and, on May 1, 2007, hired Kramer Weisman and Associates, LLP, an independent auditor registered with the Public Company Accounting Oversight Board, to audit its financial statements, and a ~~Material~~report ~~Definitive~~is ~~Agreement~~expected to be provided to the Company when complete. As a result, the Company determined that the previously filed financial statements of Volga-Neft contained in the December 8, 2006 Form 8-K/A should not be relied upon. The Company anticipates receipt of the audit report from Kramer Weisman and Associates, LLP during May 2007.

Letter of Intent

On November 6, 2006, Star Energy Corporation, a Nevada corporation (the “Registrant”) entered into a Letter of Intent to acquire 100% of the common stock of Samaratransoil Ltd., a company organized under the law of Russia (the “Company”), from Markin Vladimir Mikhajlovich. The consideration to be paid for the stock of the Company is 1,000,000 shares of common stock of the Registrant. The consummation of the transaction will be subject to the execution of definitive agreements. The closing will be conditional upon the approval of the transaction and the definitive agreements by the board of directors of the Registrant, completion of the due diligence to the satisfaction of the Registrant, the Registrant’s receipt of financial statements of the Company, receipt of any required approvals of governmental authorities, receipt of necessary consents and approvals of third parties, and other customary conditions.

Section 8 - Other Events

Item 8.01. Other Events.

On November 8, 2006, the Registrant issued an aggregate of 125,000 shares of common stock as follows:

(a) 100,000 shares of common stock to Marcus Segal, an officer and director of the Registrant, in consideration for services previously rendered; and

(b) 25,000 shares of common stock to F. Byson Farrill, a director of the Registrant, in consideration for services previously rendered.

Section 9-Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

(d) Exhibit No.	Description
10.4	Letter of Intent for the Purchase by the Registrant of 100% of the common stock of Samaratransoil Ltd. from Markin Vladimir Mikhajlovich.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: November 13, 2006 STAR ENERGY CORPORATION By: /s/ Marcus Segal Name: Marcus Segal Title: President, Chief Executive Officer


	STAR ENERGY CORPORATION (Registrant)

	By:	/s/ Patrick J. Kealy
Date: May 10, 2007		Patrick J. Kealy
		President and CEO

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