-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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MIC-Info: RSA-MD5,RSA,
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 l9829UKQtrVEbCiXtA2v0g==

<SEC-DOCUMENT>0001395961-09-000003.txt : 20091125
<SEC-HEADER>0001395961-09-000003.hdr.sgml : 20091125
<ACCEPTANCE-DATETIME>20091125161517
ACCESSION NUMBER:		0001395961-09-000003
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20091125
DATE AS OF CHANGE:		20091125
EFFECTIVENESS DATE:		20091125

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Quetzal Energy Ltd.
		CENTRAL INDEX KEY:			0001395961
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A6

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-102016
		FILM NUMBER:		091208603

	BUSINESS ADDRESS:	
		STREET 1:		FIRST TORONTO TOWER
		STREET 2:		P.H. #3 - 73 RICHMOND STREET WEST
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5H 1Z4
		BUSINESS PHONE:		416-613-3100

	MAIL ADDRESS:	
		STREET 1:		FIRST TORONTO TOWER
		STREET 2:		P.H. #3 - 73 RICHMOND STREET WEST
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5H 1Z4

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SOUTHAMPTON VENTURES INC
		DATE OF NAME CHANGE:	20070409
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001395961</cik>
        <entityName>Quetzal Energy Ltd.</entityName>
        <issuerAddress>
            <street1>FIRST TORONTO TOWER</street1>
            <street2>P.H. #3 - 73 RICHMOND STREET WEST</street2>
            <city>TORONTO</city>
            <stateOrCountry>A6</stateOrCountry>
            <zipCode>M5H 1Z4</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>416-613-3100</issuerPhoneNumber>
        <jurisdictionOfInc>ONTARIO, CANADA</jurisdictionOfInc>
        <edgarPreviousNameList>
            <previousName>SOUTHAMPTON VENTURES INC</previousName>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Robert</firstName>
                <lastName>Szczuczko</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>First Toronto Tower</street1>
                <street2>P.H. #3 - 73 Richmond Street West</street2>
                <city>Toronto</city>
                <stateOrCountry>A6</stateOrCountry>
                <zipCode>M5H 1Z4</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Wally</firstName>
                <lastName>Rudensky</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>First Toronto Tower</street1>
                <street2>P.H. #3 - 73 Richmond Street West</street2>
                <city>Toronto</city>
                <stateOrCountry>A6</stateOrCountry>
                <zipCode>M5H 1Z4</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Kevin</firstName>
                <lastName>O'Connor</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>First Toronto Tower</street1>
                <street2>P.H. #3 - 73 Richmond Street West</street2>
                <city>Toronto</city>
                <stateOrCountry>A6</stateOrCountry>
                <zipCode>M5H 1Z4</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Luis</firstName>
                <lastName>Wug</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>First Toronto Tower</street1>
                <street2>P.H. #3 - 73 Richmond Street West</street2>
                <city>Toronto</city>
                <stateOrCountry>A6</stateOrCountry>
                <zipCode>M5H 1Z4</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Steven</firstName>
                <middleName>J.</middleName>
                <lastName>Reynolds</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>First Toronto Tower</street1>
                <street2>P.H. #3 - 73 Richmond Street West</street2>
                <city>Toronto</city>
                <stateOrCountry>A6</stateOrCountry>
                <zipCode>M5H 1Z4</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Stephen</firstName>
                <lastName>Austin</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>First Toronto Tower</street1>
                <street2>P.H. #3 - 73 Richmond Street West</street2>
                <city>Toronto</city>
                <stateOrCountry>A6</stateOrCountry>
                <zipCode>M5H 1Z4</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Richard</firstName>
                <lastName>Patricio</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>First Toronto Tower</street1>
                <street2>P.H. #3 - 73 Richmond Street West</street2>
                <city>Toronto</city>
                <stateOrCountry>A6</stateOrCountry>
                <zipCode>M5H 1Z4</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Gerry</firstName>
                <lastName>Feldman</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>First Toronto Tower</street1>
                <street2>P.H. #3 - 73 Richmond Street West</street2>
                <city>Toronto</city>
                <stateOrCountry>A6</stateOrCountry>
                <zipCode>M5H 1Z4</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Oil and Gas</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>No Revenues</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-11-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isOptionToAcquireType>true</isOptionToAcquireType>
            <isSecurityToBeAcquiredType>true</isSecurityToBeAcquiredType>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>Each unit is comprised of one common share and one share purchase warrant. Each warrant is exercisable for one common share at an exercise price of Cdn$0.20 per share until November 13, 2011.</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>16847819</totalOfferingAmount>
            <totalAmountSold>98675</totalAmountSold>
            <totalRemaining>16749144</totalRemaining>
            <clarificationOfResponse>The additional $16,749,144 may be received upon exercise of share purchase warrants sold both inside and outside the U.S. U.S. dollar amounts are based on the Bank of Canada noon rate of exchange reported on November 13, 2009, which was Cdn$1.0508=US$1.00</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>19</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Quetzal Energy Ltd.</issuerName>
                <signatureName>/s/ Wally Rudensky</signatureName>
                <nameOfSigner>Wally Rudensky</nameOfSigner>
                <signatureTitle>Chief Financial Officer</signatureTitle>
                <signatureDate>2009-11-25</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----