-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 RR08Nm/2a2d+1HAst4958w==

<SEC-DOCUMENT>0000947871-11-000120.txt : 20110218
<SEC-HEADER>0000947871-11-000120.hdr.sgml : 20110218
<ACCEPTANCE-DATETIME>20110218061003
ACCESSION NUMBER:		0000947871-11-000120
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(7)
FILED AS OF DATE:		20110218
DATE AS OF CHANGE:		20110218
EFFECTIVENESS DATE:		20110218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RED KITE EXPLORER FUND LTD
		CENTRAL INDEX KEY:			0001457148
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-127229
		FILM NUMBER:		11622623

	BUSINESS ADDRESS:	
		STREET 1:		RED KITE EXPLORER FUND LTD
		STREET 2:		10 QUEEN STREET
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM 11
		BUSINESS PHONE:		1 (441) 278-3826

	MAIL ADDRESS:	
		STREET 1:		RED KITE EXPLORER FUND LTD
		STREET 2:		10 QUEEN STREET
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM 11
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001457148</cik>
        <entityName>RED KITE EXPLORER FUND LTD</entityName>
        <issuerAddress>
            <street1>C/O CACEIS (BERMUDA) LIMITED</street1>
            <street2>20 REID STREET, P.O. BOX HM 2431</street2>
            <city>HAMILTON</city>
            <stateOrCountry>D0</stateOrCountry>
            <stateOrCountryDescription>BERMUDA</stateOrCountryDescription>
            <zipCode>HM 11</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>1 (441) 292-1018</issuerPhoneNumber>
        <jurisdictionOfInc>BERMUDA</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2007</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Oskar</firstName>
                <middleName>P.</middleName>
                <lastName>Lewnowski</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>GIBBONS BUILDING</street1>
                <street2>10 QUEEN STREET, SUITE 103</street2>
                <city>HAMILTON</city>
                <stateOrCountry>D0</stateOrCountry>
                <stateOrCountryDescription>BERMUDA</stateOrCountryDescription>
                <zipCode>HM 11</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Michael</firstName>
                <lastName>Farmer</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>RK CAPITAL MANAGEMENT LLP</street1>
                <street2>6 BROAD STREET PLACE, 3RD FLOOR</street2>
                <city>LONDON</city>
                <stateOrCountry>X0</stateOrCountry>
                <stateOrCountryDescription>UNITED KINGDOM</stateOrCountryDescription>
                <zipCode>EC2M 7JH</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Arliss</firstName>
                <lastName>Francis</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>DIAMOND CO LTD</street1>
                <street2>OUTERBRIDGE BUILDING, PITTS BAY RD</street2>
                <city>HAMILTON</city>
                <stateOrCountry>D0</stateOrCountry>
                <stateOrCountryDescription>BERMUDA</stateOrCountryDescription>
                <zipCode>08</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Priscilla</firstName>
                <lastName>Murray-Brown</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>21 REDKILN ROAD</street1>
                <city>HAMILTON PARISH</city>
                <stateOrCountry>D0</stateOrCountry>
                <stateOrCountryDescription>BERMUDA</stateOrCountryDescription>
                <zipCode>CR-02</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Hedge Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>9999999997-09-004980</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2008-05-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>3000000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Barclays Bank LLC</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Barclays Bank LLC</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>5 The North Colonnade, Canary Wharf</street1>
                    <city>London</city>
                    <stateOrCountry>X0</stateOrCountry>
                    <stateOrCountryDescription>UNITED KINGDOM</stateOrCountryDescription>
                    <zipCode>E14 4BB</zipCode>
                </recipientAddress>
                <statesOfSolicitationList></statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>146890361</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>24</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>RED KITE EXPLORER FUND LTD</issuerName>
                <signatureName>/s/ Paul Coughlan</signatureName>
                <nameOfSigner>Paul Coughlan</nameOfSigner>
                <signatureTitle>Authorized Persons</signatureTitle>
                <signatureDate>2011-02-18</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----