SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB


(Mark One)
   [X]   Quarterly  report under Section 13 or 15(d) of the  Securities
         Exchange Act of 1934 for the quarterly  period ended March 31,
         2003.

   [  ]  Transition  report  under  Section  13 or  15(d)  of the  Securities
         Exchange  Act of 1934  for the  transition  period  from
                      to               .
         ------------    --------------


                        Commission file number: 000-29325


                             STAR ENERGY CORPORATION
                 (Formerly known as "Cairo Acquisitions, Inc.")
        (Exact name of small business issuer as specified in its charter)


              NEVADA                       87-0643634
              ------                       ----------
 (State or other jurisdiction of        (I.R.S. Employer
  incorporation or organization)       Identification No.)



                 1403 East 900 South, Salt Lake City, Utah 84105
               (Address of principal executive office) (Zip Code)


                                 (801) 582-9609
                         (Registrant's telephone number)


Check whether the registrant: (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.

                                    Yes X No


The number of outstanding shares of the registrant's common stock, $0.001 par
value (the only class of voting stock), as of May 13, 2003 was 6,312,500.


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                                TABLE OF CONTENTS

PART I

ITEM 1.  FINANCIAL STATEMENTS....................................................         3

Unaudited Balance Sheet as of March 31, 2003............................................  4

Unaudited Statement of Operations for the three months ended March 31, 2003 and
2002 and the period since Date of Inception to March 31, 2003...........................  5

Unaudited Statement of Cash Flows for the three months ended March 31, 2003 and
2002 and the period since Date of Inception to March 31,
2003.....................                                                                 6

Notes to Unaudited Financial Statements...................................................7

ITEM 2.  MANAGEMENT'S PLAN OF OPERATION...................................                8

ITEM 3.  CONTROLS AND PROCEDURES..............................................            8


PART II

ITEM 2.  CHANGES IN SECURITIES.......................................................     9

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K....................................             9

SIGNATURES.............................................................................  10

INDEX TO EXHIBITS....................................................................... 11















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PART I

ITEM 1.  FINANCIAL STATEMENTS

As used herein, the term "Company" refers to Star Energy Corporation (formerly
known as "Cairo Acquisitions, Inc.), a Nevada corporation, unless otherwise
indicated. In the opinion of management, the accompanying unaudited financial
statements included in this Form 10-QSB reflect all adjustments (consisting only
of normal recurring accruals) necessary for a fair presentation of the results
of operations for the periods presented. The results of operations for the
periods presented are not necessarily indicative of the results to be expected
for the full year.














































                                                    STAR ENERGY CORPORATION
                                                 (A Development Stage Company)
                                                    UNAUDITED BALANCE SHEET
                                                        March 31, 2003


                                           ASSETS

Current assets - cash                                                                             $                82,369
                                                                                                     ---------------------

       Total current assets                                                                       $                82,369
                                                                                                     =====================


                            LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
   Accounts payable                                                                               $                 4,098
   Related party payable                                                                                            2,500
                                                                                                     ---------------------

     Total current liabilities                                                                                      6,598
                                                                                                     ---------------------


Commitments                                                                                          -

Stockholders' equity:
   Preferred stock, $.001 par value, 5,000,000 shares

     authorized, no shares issued and outstanding                                                    -
   Common stock, $.001 par value, 50,000,000 shares
     authorized, 6,312,500 shares issued and outstanding                                                            6,312
   Additional paid-in capital                                                                                     103,050
   Stock subscription receivable                                                                                 (13,109)
   Deficit accumulated during the development stage                                                              (20,482)
                                                                                                     ---------------------

     Total stockholders' equity                                                                                    75,771
                                                                                                     ---------------------

       Total liabilities and stockholders' equity                                                 $                82,369
                                                                                                     =====================




                 The accompanying notes are an integral part of
                          these financial statements.

                                              STAR ENERGY CORPORATION
                                           (A Development Stage Company)
                                         UNAUDITED STATEMENTS OF OPERATIONS


                                                                      Three Months Ended
                                                                          March 31,                  Cumulative
                                                                -------------------------------
                                                                    2003             2002             Amounts
                                                                --------------   --------------    ---------------


Revenue                                                     $               -                -                  -

General and administrative costs                                        2,484            2,558             20,482
                                                                --------------   --------------    ---------------

          Loss before income taxes                                    (2,484)          (2,558)           (20,482)



Provision for income taxes                                                  -                -                  -
                                                                --------------   --------------    ---------------

          Net Loss                                          $         (2,484)          (2,558)           (20,482)
                                                                ==============   ==============    ===============



Loss per common share - basic and diluted                   $               -                -
                                                                ==============   ==============

Weighted average common shares -
  basic and diluted                                                 5,479,000       1,313,000
                                                                ==============   ==============



                 The accompanying notes are an integral part of
                          these financial statements.















                                              STAR ENERGY CORPORATION
                                           (A Development Stage Company)
                                         UNAUDITED STATEMENTS OF CASH FLOWS


                                                                        Three Months Ended
                                                                             March 31,                  Cumulative
                                                                  --------------------------------
                                                                      2003              2002             Amounts
                                                                  --------------    --------------    ---------------
Cash flows from operating activities:

   Net loss                                                   $   (2,484)           (2,558)           (20,482)
   Adjustments to reconcile net loss to net cash
     used in operating activities:

       Stock compensation expense                                                   -                    5,007

       Increase (decrease) in accounts payable                    (2,042)           2,543                4,098
                                                                  --------------    --------------    ---------------


       Net cash used in operating activities                      (4,526)           (15)              (11,377)
                                                                  --------------    --------------    ---------------


Cash flows from investing activities:                             -                 -                        -
-------------------------------------
                                                                  --------------    --------------    ---------------

Cash flows from financing activities:

   Increase in related party payable                              -                 -                    2,500

   Decrease in stock subscription receivable                      -                 -                      445

   Issuance of common stock                                       86,891            -                   90,801
                                                                  --------------    --------------    ---------------


       Net cash provided by financing activities                  86,891            -                   93,746
                                                                  --------------    --------------    ---------------



       Net increase (decrease) in cash                            82,365            (15)                82,369


Cash, beginning of period                                         4                 54                       -
                                                                  --------------    --------------    ---------------


Cash, end of period                                           $   82,369            39                  82,369
                                                                  ==============    ==============    ===============

                 The accompanying notes are an integral part of
                          these financial statements.

                             STAR ENERGY CORPORATION
                          (A Development Stage Company)
                     NOTES TO UNAUDITED FINANCIAL STATEMENTS

                                 March 31, 2003

Note 1 - Basis of Presentation

The accompanying unaudited condensed financial statements have been prepared by
management in accordance with the instructions in Form 10-QSB and, therefore, do
not include all information and footnotes required by generally accepted
accounting principles and should, therefore, be read in conjunction with the
Company's Form 10-KSB for the year ended December 31, 2002, filed with the
Securities and Exchange Commission. These statements do include all normal
recurring adjustments which the Company believes necessary for a fair
presentation of the statements. The interim operations are not necessarily
indicative of the results to be expected for the full year ended December 31,
2003.

Note 2 - Additional Footnotes Included By Reference

Except as indicated in Notes above, there have been no other material changes in
the information disclosed in the notes to the financial statements included in
the Company's Form 10-KSB for the year ended December 31, 2002, filed with the
Securities and Exchange Commission. Therefore, those footnotes are included
herein by reference.

Note 3 - Supplemental Cash Flow Information

During the three months ended March 31, 2003, the Company issued common stock in
exchange for a stock subscription receivable of $13,109.























ITEM 2.

MANAGEMENT'S PLAN OF OPERATION

When used in this discussion, the words "believes", "anticipates", "expects",
and similar expressions are intended to identify forward-looking statements.
Such statements are subject to certain risks and uncertainties, which could
cause actual results to differ materially from those projected. Readers are
cautioned not to place undue reliance on these forward-looking statements, that
speak only as of the date hereof. The Company undertakes no obligation to
republish revised forward-looking statements to reflect events or circumstances
after the date hereof or to reflect the occurrence of unanticipated events.
Readers are also urged to carefully review and consider the various disclosures
made by the Company that attempt to advise interested parties of the factors
which affect the Company's business, in this report, as well as the Company's
periodic reports on Forms 10-KSB, 10-QSB and 8-K filed with the Securities and
Exchange Commission.

Plan of Operation

The Company's plan of operation is to acquire, develop and produce proven
reserves of oil and gas with limited up front acquisition costs in partnership
with established small independent producers on properties that realize limited
production but have the potential to develop additional production on the same
properties. The Company intends to focus that strategy primarily on oil and
natural gas properties with proven developed and undeveloped reserves that are
economically feasible but not attractive in terms of potential recoveries to the
major oil and gas companies due to the limited scope of the operations. The
Company believes that these types of properties can be operated at a profit and
intends to define its growth strategy accordingly. Management intends to seek a
working interest in an oil and gas producing property within the United States.

The Company recently completed the placement of 5,000,000 of its common shares
raising a gross amount of $100,000 to be used for the purpose of satisfying
operational expenses and the purchase of oil and gas production on a
participation interest basis. The Company is in the process of investigating
certain potential purchases of production interests.

Nonetheless, the Company has not yet entered into any agreement, nor does it
have any commitment or understanding to enter into or become engaged in any
transaction, as of the date of this filing. Any decision to participate in a
specific business opportunity will be made based upon a Company analysis of the
merits of the prospective business based on objective criteria.

ITEM 3.  CONTROLS AND PROCEDURES

The Company's chief executive officer and chief financial officer ("Certifying
Officers") are responsible for establishing and maintaining disclosure controls
and procedures for the Company. The Certifying Officers have concluded (based on
his evaluation of these controls and procedures as of a date within 90 days of
the filing of this report) that the design and operation of the Company's
disclosure controls and procedures (as defined in Rule 13a-14(c) under the
Securities Exchange Act of 1934) are effective. No significant changes were made
in the Company's internal controls or in other factors that could significantly
affect those controls subsequent to the date of the evaluation, including any
corrective actions with regard to slight deficiencies and material weaknesses.




PART II

ITEM 2.  CHANGES IN SECURITIES

On March 31, 2003 the Company completed the private placement of 5,000,000
shares of common stock to twenty seven individuals, ten of which reside in the
United States, seventeen of which reside outside of the United States, at $0.02
a share for a total of $100,000 pursuant to the terms of subscription
agreements, that rely on exemptions provided by Regulation S and Section 4(2) of
the Securities Act of 1933 ("Securities Act"), as amended.

The Company made these offerings based on the following factors: (1) the
issuances were isolated private transactions by the Company which did not
involve a public offering; (2) there were twenty seven offerees that were issued
the Company's stock for cash; (3) the offerees stated their intention not to
resell the stock and have continued to hold it since it was acquired; (4) there
were no subsequent or contemporaneous public offerings of the stock; (5) the
stock was not broken down into smaller denominations; and (6) the negotiations
that lead to the issuance of the stock took place directly between the offerees
and the Company.

Regulation S provides generally that any offer or sale that occurs outside of
the United States is exempt from the registration requirements of the Securities
Act, provided that certain conditions are met. Regulation S has two safe
harbors. One safe harbor applies to offers and sales by issuers, securities
professionals involved in the distribution process pursuant to contract, their
respective affiliates, and persons acting on behalf of any of the foregoing (the
"issuer safe harbor"), and the other applies to resales by persons other than
the issuer, securities professionals involved in the distribution process
pursuant to contract, their respective affiliates (except certain officers and
directors), and persons acting on behalf of any of the forgoing (the "resale
safe harbor"). An offer, sale or resale of securities that satisfied all
conditions of the applicable safe harbor is deemed to be outside the United
States as required by Regulation S. The distribution compliance period for
shares sold in reliance on Regulation S is one year.

The Company complied with the requirements of Regulation S by having no directed
selling efforts made in the United States, by selling only to buyers who were
outside the United States at the time the buy orders originated, and ensuring
that each person is a non-U.S. person with an address in a foreign country.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)      Exhibits Exhibits required to be attached by Item 601 of Regulation S-B
         are listed in the Index to Exhibits on page 11 of this Form 10-QSB, and
         are incorporated herein by this reference.

(b)      Reports on Form 8-K. No reports on Form 8-K were filed during the
         period covered by this Form 10-QSB.











                                   SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, the
registrant caused this report to be signed on its behalf by the undersigned,
hereunto duly authorized, this 13th day of May, 2003.




STAR ENERGY CORPORATION



/s/ Dr. Nafi Onat
-----------------
Dr. Nafi Onat
Chief Executive Officer and Director


/s/ Ruairidh Campbell
Ruairidh Campbell
Chief Financial Officer and Director































                                INDEX TO EXHIBITS

EXHIBIT  PAGE
NO. NO. DESCRIPTION

3(i)(a)  * Articles of Incorporation of the Company

3(i)(b) ** Amended Articles of Incorporation of the Company

3(ii)    * Bylaws of the Company
99.1  12   Certification Pursuant to 18 U.S.C. Section 1350, Section 906 of
           the Sarbanes-Oxley Act of 2002


* Incorporated by reference from the Form 10-SB filed with the Securities and
Exchange Commission on February 3, 2000. ** Incorporated by reference from the
Form 10-KSB filed with the Securities and Exchange Commission on March 11, 2003.


































EXHIBIT 99.1

        CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of the Company on Form 10-QSB for the
period ended March 31, 2003 as filed with the Securities and Exchange Commission
on the date hereof, we, Dr. Nafi Onat, chief executive officer and Ruairidh
Campbell, chief financial officer, certify, pursuant to 18 U.S.C. section 1350,
as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) This quarterly report complies with the requirements of section 13(a) or
15(d) of the Securities Exchange Act of 1934; and (2) The financial information
contained in this quarterly report fairly represents, in all material respects,
the financial
         condition and result of operations of the Company.



/s/ Dr. Nafi Onat
Nafi Onat
Chief Executive Officer
May 13, 2003


/s/ Ruairidh Campbell
Ruairidh Campbell
Chief Financial Officer
May 13, 2003


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