UNITED ~~STATESSECURITIES AND EXCHANGE~~ ~~COMMISSIONWashington, DC 20549~~ STATES

~~_________________~~ SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

_______________

FORM 8-K

CURRENT ~~REPORTPursuant to Section 13 OR 15(d)of the Securities Exchange Act of 1934~~ REPORT

~~_________________~~ Pursuant to Section 13 OR 15(d)

~~Date~~Of ofthe Securities ~~Report~~Exchange ~~(Date~~Act of ~~earliest~~ ~~event reported): August 3, 2007~~ 1934

~~STAR~~Date of ~~ENERGY~~Report ~~CORPORATION~~ (~~Exact~~Date ~~name~~ of ~~registrant~~earliest asevent ~~specified~~reported): inApril ~~its~~11, ~~charter)~~2008

Nevada	000-29323	87-0643634
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

STAR ENERGY CORPORATION

317 Madison Avenue, New York New York	10017
(Address of principal executive offices)	(Zip Code)

(Exact name of registrant as Specified in charter)

~~Registrant’s telephone~~NEVADA ~~number,~~000-29323 ~~including area code (212) 500~~87-~~5006~~ 43634

~~Check~~(State ~~the~~or ~~appropriate~~other ~~box~~jurisdiction if(Commission ~~the~~File ~~Form 8-K~~No.) ~~filing~~(IRS isEmployer ~~intended to simultaneously satisfy the reporting obligation~~ of ~~the registrant~~incorporation) ~~under~~Identification ~~any of the following provisions:~~ No.)

~~Written~~317 ~~communications~~Madison ~~pursuant~~Avenue, toNew ~~Rule~~York, ~~425~~New ~~under~~York ~~the Securities Act~~10017

~~Soliciting~~(Address ~~material~~of ~~pursuant~~Principal toExecutive ~~Rule~~Offices) ~~14a-12~~(Zip ~~of the Exchange Act~~Code)

~~Pre-commencement communications pursuant to Rule 14d-2~~ (b212) ~~Exchange Act~~ 500-5006

~~Pre-commencement~~ (Registrant’s ~~communications~~telephone ~~pursuant~~number, toincluding ~~Rule~~area ~~13e-4(c~~code) ~~Exchange Act~~

~~ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT~~ Not Applicable

~~The~~ ~~information~~ (Former inName ~~Item~~or ~~3.02~~Former toAddress, ~~this~~if ~~Current~~Changed ~~Report~~Since ~~on Form 8-K is incorporated by reference~~Last ~~into this Item 1.01.~~ Report)

~~ITEM~~Check ~~3.02~~the appropriate ~~UNREGISTERED~~box ~~SALES~~below OFif ~~EQUITY~~the ~~SECURITIES~~Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

On ~~August 3, 2007, the Company entered into separate letter agreements, dated August 1, 2007,~~ o Written ~~with~~ communications ~~each of Firecreek Petroleum, Inc., a wholly-owned subsidiary of EGPI Firecreek, Inc. (“Firecreek”), PJM Management, Inc. (“PJM”) and Double Coin Ltd. (“Double Coin”)~~ pursuant to ~~which~~Rule ~~the~~425 ~~Company~~under ~~acquired from Firecreek, PJM and Double Coin any and all of their rights and interests with respect to certain projects in~~ the ~~Ukraine~~Securities ~~consisting~~Act ~~of 100% of a project known as the Region Project, 51% of a project known as the Dewon Zao Project and 100% of a project known as the Bukovyna Project~~ (~~the “Projects”)~~17 inCFR exchange for the issuance to Firecreek of 2,100,000 shares of the Company’s Common Stock and $100,000, to PJM of 150,000 shares of the Company’s Common Stock and $10,000, and to Double Coin of 2,500,000 shares of the Company’s Common Stock230. 425)

~~The~~ ~~rights and interests acquired include, but are not limited to: (1) any right to acquire~~ o Soliciting ~~shares~~ material orpursuant ~~other interests in any entities~~ to ~~whom~~Rule ~~licenses,~~14a-12 ~~permits~~under ~~or permissions to explore for or extract oil, natural gas or other natural resources on any territories on which~~ the ~~Projects~~Exchange ~~are~~Act ~~located have been issued by any government authority having jurisdiction over such territories;~~ (2)17 ~~any~~CFR direct right to acquire licenses, permits or permissions to explore for or extract oil, natural gas or other natural resources on any territories on which the Projects are located issued or to be issued by any government authority having jurisdiction over such territories; (3) interests currently held by Firecreek, PJM and Double Coin in any joint ventures, partnerships, consortiums, or industry groups that currently have rights to any Project or any other arrangements pertaining to any Project in which Firecreek, PJM and Double Coin currently have an interest, and (4) any business opportunities related to the Projects240. ~~The acquired rights exclude any and all rights outside of the Ukraine.~~ 14a-12)

In ~~essence,~~ o Pre-commencement communication ~~these~~pursuant ~~agreements afford the Company the right~~ to ~~contract~~Rule ~~for~~14d-2(b) ~~the~~under ~~purchase of~~ the ~~interests~~ inExchange ~~Projects,~~Act ~~which~~(17 ~~consist of the aggregate of seven oil and gas fields, two of~~CFR ~~which are producing~~ 240. 14d-2(b))

In ~~connection with the transaction, each of Firecreek, PJM and Double Coin entered in~~ o Pre-commencement ~~investment~~ communication ~~letters~~pursuant into ~~favor of the Company in which each represented, among other things, that it was an “accredited investor,” within the meaning of~~ Rule ~~501~~13e-4(ac) ~~of Regulation D~~ under the ~~Securities~~Exchange Act ~~of 1933, as amended~~ (~~the~~17 ~~“Securities~~CFR Act”), and that it was acquiring the shares for investment only and not with a view the distribution of all or part thereof, and acknowledged that the shares acquired are not currently registered under the Securities Act, and may not be resold unless subsequently registered or an exemption from registration is available 240. Under the letter agreements, the Company has undertaken to register the shares of resale as soon as possible. The certificates evidencing the shares are to contain a legend to the effect that the shares were acquired for investment, have not been registered under the Securities Act and may not be sold in the absence of an effective registration statement or an exemption from the registration requirements of the Securities Act. The Company believes that the issuance of the shares was exempt from the registration provisions of the Securities Act by virtue of the exemption afforded under Section 13e-4(2c) ~~of the Securities Act.~~ )

Item 4.02

Non-Reliance on Previously Issued Financial Statements or a Related Audit

Report or Completed Interim Report.

On April 11, 2008, the Board of Directors of Star Energy Corporation, a Nevada corporation (the “Company”), determined that the Company will need to restate the financial statements contained in its Annual Report on Form 10-KSB for the year ended December 31, 2006 and its Quarterly Reports on Form 10-QSB for the quarterly periods ended March 31, 2007, June 30, 2007 and September 30, 2007. The determination was made by the Board of Directors and Chief Financial Officer of the Company based upon comments from the staff (the “Staff”) of the Securities and Exchange Commission, and following consultation with the Company’s senior management, legal advisor and independent registered public accounting firm.

On October 6, 2006, the Company transferred, pursuant to an Assignment and Bill of Sale, its entire interest in the Galvan Ranch Gas Wells to Ruairidh Campbel, who, at the time, was a principal shareholder and one of the Company’s officers and directors. In consideration therefor, Mr. Campbell transferred to the Company, for cancellation and return to the Company’s authorized but unissued shares, 3,250,000 shares of common stock held by him. As a result, since October 6, 2006, the Company no longer had any interest in the Galvan Ranch Gas Wells. The Staff advised the Company that it should account for the Galvan Wells as discontinued operations using guidance in paragraphs 42 and 43 of SFAS No. 144. The Company will comply with the Staff’s comment.

Pursuant to a Stock Purchase Agreement, on October 6, 2006 (the “Stock Purchase Agreement”), the Company acquired 100% of the capital stock of Volga-Neft Limited Company, a Russian limited liability company primarily engaged in the processing and sale of crude oil in Samara, Russia (“Volga-Neft”), in consideration for the Company’s issuance to the stockholders of Volga-Neft of an aggregate of 10,000,000 shares of its common stock. On April 13, 2007, the Company was advised by RSM Top-Audit that the financial statements of Volga-Neft, purportedly audited by RSM Top-Audit for periods prior to its acquisition of Volga-Neft were not audited by that firm. The Company determined that it was in its best interests to seek rescission of the Stock Purchase Agreement. By a Rescission Agreement dated June 14, 2007 (the “Rescission Agreement”) among the Company, Volga-Neft and the individuals from whom it acquired the shares of Volga-Neft, the Stock Purchase Agreement was rescinded, the Company returned the shares of Volga-Neft it received to the former stockholders of Volga-Neft who, in turn, returned to the Company the 10,000,000 shares of its common stock that it had previously issued to them.

The Company will record its ownership of Volga-Neft using the cost method of accounting for investments described in APB Opinion 18, paragraph 6a. Under this methodology the Company will record the investment on the date of acquisition using the quoted market price of the 10,000,000 shares of common stock the Company issued and the 10,000,000 shares will be reflected as outstanding in the Company’s Statement of Stockholders’ Equity for the year ended December 31, 2006 and the quarter ended March 31, 2007. As a result of entering into the Rescission Agreement the Company will remove this investment in its financial statements for the quarterly period ended June 30, 2007. The Company will record no gain or loss with respect thereto.

The Company intends to reflect the changes in its Annual Report on Form 10-KSB for the year ended December 31, 2007 (which will include restated financial statements for the year ended December 31, 2006) being filed on April 14, 2008. Additionally, the Company will shortly amend its Annual Report on Form 10-KSB for the year ended December 31, 2006 and its Quarterly Reports on From 10-QSB for the quarterly periods ended March 31, 2007, June 30, 2007 and September 30, 2007 to, among other things, reflect these changes.

The changes to the Company’s financial statements discussed above will not result in a change in the profit or loss of the Company for any period.

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~~ITEM~~ The ~~5.02~~members ~~DEPARTURE~~of OFthe ~~DIRECTORS~~Audit ORCommittee ~~CERTAIN~~of ~~OFFICERS,~~the ~~COMPENSATORY~~Company ~~ARRANGEMENTS~~have OFdiscussed ~~CERTAIN~~with ~~OFFICERS~~the Company’s independent registered public accounting firm the matters disclosed in this Current Report on Form 8-K pursuant to Item 4.02(a).

(a) On August 3, 2007, the Company’s Board of Directors authorized an increase, effective August 1, 2007, in the base salary of Patrick J. Kealy, the Company’s President and Chief Executive Officer, under Mr. Kealy’s Employment Agreement dated November 16, 2006, from $150,000 to $185,000 per annum.

(b) On August 3, 2007, the Company’s Board of Directors authorized an increase, effective August 1, 2007, in the base salary of Marcus Segal, the Company’s Chief Financial Officer from $5,000 to $8,000 per month.

(c) While, except for Bryson Farill, the Company does not have any non-employee directors, on August 3, 2007, the Company’s Board of Directors resolved that non-employee directors be compensated at the rate of $3,000 per month except that a non-employee Chairman of the Board is to receive $5,000 per month effective August 1, 2007. On August 3, 2007, Bryson Farill, was elected Chairman of the Board of Directors of the Company.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d)	Exhibits:
	Exhibit No.	Description
	99.1	Letter Agreement dated August 1, 2007 between the Company and Firecreek Petroleum, Inc.
	99.2	Letter Agreement dated August 1, 2007 between the Company and PJM Management, Inc.
	99.3	Letter Agreement dated August 1, 2007 between the Company and Double Coin Ltd.

SIGNATURES

~~Pursuant~~ 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 thereunto ~~hereunto~~ duly authorized.

Date: August 10, 2007 STAR ENERGY CORPORATION (Registrant) By: /s/ Patrick J. Kealy Patrick J. Kealy President and CEO

	STAR ENERGY CORPORATION


Date: April 14, 2008	By:	/s/ Michael Kravchenko
		Michael Kravchenko,
		Chief Financial Officer

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Exhibit Index

ExhibitNumber	Description
99.1	Letter Agreement dated August 1, 2007 between the Company and Firecreek Petroleum, Inc.
99.2	Letter Agreement dated August 1, 2007 between the Company and PJM Management, Inc.
99.3	Letter Agreement dated August 1, 2007 between the Company and Double Coin Ltd.

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