Section 5 - Corporate Governance and Management Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. On December 12, 2006, the board of directors of Star Energy Corporation (the "Registrant") appointed Georg Hochwimmer and Leonid Konstantinovich Nechaev as directors of the Registrant. Dr. Georg Hochwimmer, is a well-known German business consultant, academic and securities analyst with advanced degrees in chemistry, engineering, computer science, and polymer chemistry. He serves on the boards of numerous small-cap companies and founded General Research GmbH, where he remains managing partner. Mr. Leonid Konstantinovich Nechayev, is the chief engineer at Volga-Neft, a Russian oil & gas company acquired by the Registrant in October 2006. Mr. Nechayev has had a long and successful career in the oil & gas industry, holding key positions in engineering, foreign relations, and management. Mr. Nechayev worked with the Egypt General Oil Company, and participated in the implementation of critical World Bank credits for the Russian petroleum industry. Neither Mr. Hochwimmer nor Mr. Nechaev has been affiliated with any company that has filed for bankruptcy within the last five years. They do not have any family relationships with any of the other directors or executive officers of the Registrant. There were no transactions during the last two years, or any proposed transactions, to which the Registrant was or is to be a party, in which either Mr. Hochwimmer or Mr. Nechaev had or is to have a direct or indirect material interest. 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: December 19, 2006 STAR ENERGY CORPORATION By: /s/ Patrick J. Kealy ------------------------------------- Name: Patrick J. Kealy Title: President, Chief Executive Officer