-----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,
 Evcf78QZy97qVHumDU7pF39tEqJwnepyxYVqNAEbo8bUI3sXK6bRbueMUjtzPSBP
 FWDuBYU+hNCmIgsFMhQytg==

<SEC-DOCUMENT>0001395961-10-000001.txt : 20100330
<SEC-HEADER>0001395961-10-000001.hdr.sgml : 20100330
<ACCEPTANCE-DATETIME>20100330142610
ACCESSION NUMBER:		0001395961-10-000001
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20100330
DATE AS OF CHANGE:		20100330
EFFECTIVENESS DATE:		20100330

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:		10713313

	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>50 Richmond Street E.</street1>
            <street2>Suite 101</street2>
            <city>TORONTO</city>
            <stateOrCountry>A6</stateOrCountry>
            <zipCode>M5C 1N7</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>50 Richmond Street E.</street1>
                <street2>Suite 101</street2>
                <city>Toronto</city>
                <stateOrCountry>A6</stateOrCountry>
                <zipCode>M5C 1N7</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>50 Richmond Street E.</street1>
                <street2>Suite 101</street2>
                <city>Toronto</city>
                <stateOrCountry>A6</stateOrCountry>
                <zipCode>M5C 1N7</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Kevin</firstName>
                <lastName>O'Connor</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>50 Richmond Street E.</street1>
                <street2>Suite 101</street2>
                <city>Toronto</city>
                <stateOrCountry>A6</stateOrCountry>
                <zipCode>M5C 1N7</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Brian</firstName>
                <lastName>Gieni</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>50 Richmond Street E.</street1>
                <street2>Suite 101</street2>
                <city>Toronto</city>
                <stateOrCountry>A6</stateOrCountry>
                <zipCode>M5C 1N7</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>50 Richmond Street E.</street1>
                <street2>Suite 101</street2>
                <city>Toronto</city>
                <stateOrCountry>A6</stateOrCountry>
                <zipCode>M5C 1N7</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Stephen</firstName>
                <lastName>Austin</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>50 Richmond Street E.</street1>
                <street2>Suite 101</street2>
                <city>Toronto</city>
                <stateOrCountry>A6</stateOrCountry>
                <zipCode>M5C 1N7</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Richard</firstName>
                <lastName>Patricio</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>50 Richmond Street E.</street1>
                <street2>Suite 101</street2>
                <city>Toronto</city>
                <stateOrCountry>A6</stateOrCountry>
                <zipCode>M5C 1N7</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Gerry</firstName>
                <lastName>Feldman</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>50 Richmond Street E.</street1>
                <street2>Suite 101</street2>
                <city>Toronto</city>
                <stateOrCountry>A6</stateOrCountry>
                <zipCode>M5C 1N7</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>2010-03-18</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 October 26, 2011.</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Canaccord Adams Inc.</recipientName>
                <recipientCRDNumber>1020</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>99 High Street</street1>
                    <city>Boston</city>
                    <stateOrCountry>MA</stateOrCountry>
                    <zipCode>02110</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NY</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>12869347</totalOfferingAmount>
            <totalAmountSold>483283</totalAmountSold>
            <totalRemaining>12386064</totalRemaining>
            <clarificationOfResponse>The additional $12,386,064 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 March 18, 2010, which was Cdn$1.0139=US$1.00.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>1</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>Canaccord Adams Inc. also received approximately 245,000 units and approximately 245,000 broker warrants. Each broker warrant is exercisable for one common share at a price of Cdn$0.14 until October 26, 2011.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Quetzal Energy Ltd.</issuerName>
                <signatureName>/s/ Brian Gieni</signatureName>
                <nameOfSigner>Brian Gieni</nameOfSigner>
                <signatureTitle>President</signatureTitle>
                <signatureDate>2010-03-30</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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