-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Wh6aIrgH61krvN89yi+gybrWEUd9Q9Y/lOIFKlsELzoBLMxRel6Pjd+LFxzJh0dj
 XZZaV6Mru+bh3L/GG5VgUQ==

<SEC-DOCUMENT>0001395961-11-000001.txt : 20110208
<SEC-HEADER>0001395961-11-000001.hdr.sgml : 20110208
<ACCEPTANCE-DATETIME>20110208095718
ACCESSION NUMBER:		0001395961-11-000001
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20110208
DATE AS OF CHANGE:		20110208
EFFECTIVENESS DATE:		20110208

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:	021-154989
		FILM NUMBER:		11580808

	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>X0704</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001395961</cik>
        <entityName>Quetzal Energy Ltd.</entityName>
        <issuerAddress>
            <street1>Suite 1150</street1>
            <street2>1122 - 4th Street S.W.</street2>
            <city>Calgary</city>
            <stateOrCountry>A0</stateOrCountry>
            <stateOrCountryDescription>ALBERTA, CANADA</stateOrCountryDescription>
            <zipCode>T2R 1M1</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>403-266-8646</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>Suite 1150</street1>
                <street2>1122 - 4th Street S.W.</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <stateOrCountryDescription>ALBERTA, CANADA</stateOrCountryDescription>
                <zipCode>T2R 1M1</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Kevin</firstName>
                <lastName>O'Connor</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Suite 1150</street1>
                <street2>1122 - 4th Street S.W.</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <stateOrCountryDescription>ALBERTA, CANADA</stateOrCountryDescription>
                <zipCode>T2R 1M1</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Stephen</firstName>
                <lastName>Austin</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Suite 1150</street1>
                <street2>1122 - 4th Street S.W.</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <stateOrCountryDescription>ALBERTA, CANADA</stateOrCountryDescription>
                <zipCode>T2R 1M1</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Richard</firstName>
                <lastName>Patricio</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Suite 1150</street1>
                <street2>1122 - 4th Street S.W.</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <stateOrCountryDescription>ALBERTA, CANADA</stateOrCountryDescription>
                <zipCode>T2R 1M1</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Gerald</firstName>
                <lastName>Feldman</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Suite 1150</street1>
                <street2>1122 - 4th Street S.W.</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <stateOrCountryDescription>ALBERTA, CANADA</stateOrCountryDescription>
                <zipCode>T2R 1M1</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Michael</firstName>
                <lastName>Realini</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Suite 1150</street1>
                <street2>1122 - 4th Street S.W.</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <stateOrCountryDescription>ALBERTA, CANADA</stateOrCountryDescription>
                <zipCode>T2R 1M1</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Cameron</firstName>
                <lastName>Dow</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Suite 1150</street1>
                <street2>1122 - 4th Street S.W.</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <stateOrCountryDescription>ALBERTA, CANADA</stateOrCountryDescription>
                <zipCode>T2R 1M1</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Oil and Gas</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>$1 - $1,000,000</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2011-01-27</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Canaccord Genuity Inc.</recipientName>
                <recipientCRDNumber>1020</recipientCRDNumber>
                <associatedBDName>Canaccord Genuity Corp.</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>99 High Street</street1>
                    <city>Boston</city>
                    <stateOrCountry>MA</stateOrCountry>
                    <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                    <zipCode>02110</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>7682829</totalOfferingAmount>
            <totalAmountSold>7682829</totalAmountSold>
            <totalRemaining>0</totalRemaining>
            <clarificationOfResponse>U.S. dollar amounts are based on the Bank of Canada noon rate of exchange reported on January 27, 2011, which was Cdn$0.9941=US$1.00.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>1</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>460970</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>In the ordinary course of business, the issuer may use some of the proceeds of the offering to pay salaries to certain of its executive officers and directors.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Quetzal Energy Ltd.</issuerName>
                <signatureName>/s/ Cameron Dow</signatureName>
                <nameOfSigner>Cameron Dow</nameOfSigner>
                <signatureTitle>Chief Financial Officer</signatureTitle>
                <signatureDate>2011-02-07</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----