UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~WASHINGTON~~Washington, DCD.C. 20549

FORM 8-K

CURRENT REPORT ~~PURSUANT~~

TOPursuant ~~SECTION~~to Section 13 ORor 15(Dd) OFof ~~THE~~the

~~SECURITIES~~Securities ~~EXCHANGE~~Exchange ~~ACT~~Act OFof 1934

Date of ~~report~~Report (Date of ~~earliest~~Earliest ~~event~~Event ~~reported~~Reported): ~~April~~May 3031, 2007

RUSSOIL CORPORATION

(Exact Name of Registrant as Specified in Its Charter)

NEVADA

Nevada	333-136614	20-5022973
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

~~(State~~Russoil ~~or Other Jurisdiction of Incorporation)~~Corporation

333-136614		20-5022973
(Commission File Number)		(IRS Employer Identification No.)

RussOil Corporation

415 Madison Avenue

15^th Floor

New York, New York 10017

(Address of Principal Executive Offices/Zip Code)

(~~Zip~~646) ~~Code)~~673-8427

~~Phone:~~(Registrant’s ~~(646)~~telephone ~~673-8427~~number, including area code)

(Registrant's Telephone Number, Including Area Code)

Cassidy Media, Inc.

P.O. Box 49, 134 Suncook Valley Road,

Center Barnstead, New Hampshire 03225

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

~~|_|~~o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

~~|_|~~o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

~~|_|~~o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(bB))

~~|_|~~o Pre-commencement communications pursuant to Rule 13e-4(c)) under the Exchange Act (17 CFR 240.13e-~~4(c~~4c))

~~Section~~Item 8-1.01. Entry into ~~Other~~a ~~Events~~Material Definitive Agreement.

~~Item~~Pursuant 8to a Share Exchange Agreement dated as of May 31, 2007 (the “Combination Agreement”), by and among Russoil Corporation (the “Company”), OJSC Smolenergy (“Smolenergy”) and the stockholders of Smolenergy (the “Stockholders”), the Company will receive all of the issued and outstanding capital stock of Smolenergy from the Stockholders in exchange for 51% of the issued and outstanding capital stock of the Company.01 ~~Other~~The ~~Events~~closing of the combination is subject to the satisfaction of certain conditions including, but not limited to (i) the Company’s satisfactory due diligence of Smolenergy, its business, management and financial; (ii) legal requirements; and (3) Smolenergy’s delivery to the Company of financial statements accurately prepared according to U.S. GAAP, SEC Regulation S-X and the Sarbanes Oxley Act. No assurances can be given when, if ever, the combination will close.

OnSmolenergy ~~April 30,~~is ~~2007, Cassidy Media, Inc. (the “Registrant”), effected~~ a ~~forward~~privately ~~stock~~held ~~split of~~company ~~its~~organized ~~common~~under ~~stock. Pursuant to~~ the ~~forward~~laws ~~split, shares~~ of ~~common stock held by each holder of record on~~ the ~~record~~Russian ~~date~~Federation ~~will be automatically split at the rate of one for twenty eight and one half (1:28.5), so~~ that ~~each pre-split~~ ~~share of~~has ~~the~~informed ~~Registrant will be equal to twenty eight and one half post-split shares without any further action on~~ the ~~part~~Company ofthat ~~the~~it ~~shareholders.~~is Inengaged ~~addition,~~in the ~~authorized~~ ~~shares~~exploration ofand ~~common~~development ~~stock~~ of ~~the~~oil Registrant have been increased on a corresponding basis, from 500,000,000 shares, par value $0.0001, to 14,250,000,000 shares, par value $0.00001. To effectuate the foregoing, the Registrant filed with the Nevada Secretary of State a Certificate of Change, effective as of the April 30, 2007. The number of shares of common stock issued and ~~outstanding~~gas ~~prior~~wells toin ~~the forward split was 12,000,000 shares. After the~~SouthWestern ~~forward split, the number of shares of common stock issued and outstanding is 342,000,000 shares~~Siberia.

OnUpon ~~May 2,~~a ~~2007,~~closing ~~RussOil Corporation, a wholly owned subsidiary~~ of the ~~Registrant (“RussOil”)~~combination, ~~merged with and into~~ the ~~Registrant.~~Smolenergy ~~Pursuant~~Stockholders towill ~~the~~control ~~terms of~~ the ~~Agreement~~Company’s ~~and~~Board ~~Plan~~ of ~~Merger~~Directors ~~dated May 1, 2007 between the Registrant~~ and ~~RussOil~~ ~~(the~~under ~~“Merger”),~~certain ~~at the effective time of the Merger~~conditions, ~~the Registrant~~ will be ~~the~~able ~~surviving corporation and the separate existence of RussOil will cease~~to ~~at said~~increase ~~effective~~their ~~time~~holdings in ~~accordance with~~ the ~~provisions~~Company ofby ~~the~~an ~~Nevada~~additional ~~Revised Statutes.~~twenty ~~To effect the Merger, the Certificate of Merger was filed with the~~(20%) ~~Secretary of State of Nevada on May 2, 2007~~percent. The present Articles of Incorporation of the Registrant became the Articles of Incorporation of the surviving corporation except that the name of the surviving corporation was change to RussOil Corporation.

~~Section~~The ~~9-Financial~~foregoing ~~Statements~~description ~~and~~of ~~Exhibits~~the Share Exchange Agreement is qualified in its entirety by the full text of the Agreement attached as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01~~. Financial~~ ~~Statements, Pro Forma~~ Financial Statements and Exhibits.

(cd) Exhibits

Exhibit 99.1	Certificate of Change filed with the Nevada Secretary of State on April 30, 2007.
Exhibit Number		Description
Exhibit 99.2	Certificate of Merger filed with the Nevada Secretary of State on May 2, 2007.
99.1		Share Exchange Agreement.

This Current Report on Form 8-2K may contain, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements with respect to the Company’s plans, objectives, expectations and intentions and other statements identified by words such as may, could, would, should, believes, expects, anticipates, estimates, intends, plans or similar expressions. These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company’s control).

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.

~~Cassidy~~RUSSOIL ~~Media,~~CORPORATION ~~Inc.~~ By: /s/ Silvestre Hutchinson Name: Silvestre Hutchinson Title: President

~~Date~~Dated: May 2 31, 2007

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