-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 BcRRS4AIXSD2UV4euk5NxyMnZP5eBt5DcAvvl/vBvMH/BjJFjZXNlBRRom1D8Tyt
 tGskSAfZKIQ6LxqH79B+kQ==

<SEC-DOCUMENT>0001204459-10-003203.txt : 20101221
<SEC-HEADER>0001204459-10-003203.hdr.sgml : 20101221
<ACCEPTANCE-DATETIME>20101221170646
ACCESSION NUMBER:		0001204459-10-003203
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20101221
DATE AS OF CHANGE:		20101221
EFFECTIVENESS DATE:		20101221

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Petro-Reef Resources Ltd.
		CENTRAL INDEX KEY:			0001508564
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-152312
		FILM NUMBER:		101266431

	BUSINESS ADDRESS:	
		STREET 1:		10655 SOUTHPORT ROAD S.W., SUITE 970
		CITY:			CALGARY
		STATE:			A0
		ZIP:			T2W 4Y1
		BUSINESS PHONE:		403-523-2505

	MAIL ADDRESS:	
		STREET 1:		10655 SOUTHPORT ROAD S.W., SUITE 970
		CITY:			CALGARY
		STATE:			A0
		ZIP:			T2W 4Y1
</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>0001508564</cik>
        <entityName>Petro-Reef Resources Ltd.</entityName>
        <issuerAddress>
            <street1>10655 SOUTHPORT ROAD S.W.</street1>
            <street2>SUITE 970</street2>
            <city>CALGARY</city>
            <stateOrCountry>A0</stateOrCountry>
            <stateOrCountryDescription>ALBERTA, CANADA</stateOrCountryDescription>
            <zipCode>T2W 4Y1</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>403-523-2505</issuerPhoneNumber>
        <jurisdictionOfInc>ALBERTA, CANADA</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Theodore</firstName>
                <middleName>M.</middleName>
                <lastName>Donhuysen</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10655 Southport Road S.W.</street1>
                <street2>Suite 970</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <stateOrCountryDescription>ALBERTA, CANADA</stateOrCountryDescription>
                <zipCode>T2W 4Y1</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>John</firstName>
                <lastName>Pantazopoulos</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10655 Southport Road S.W.</street1>
                <street2>Suite 970</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <stateOrCountryDescription>ALBERTA, CANADA</stateOrCountryDescription>
                <zipCode>T2W 4Y1</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Larry</firstName>
                <lastName>Ness</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10655 Southport Road S.W.</street1>
                <street2>Suite 970</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <stateOrCountryDescription>ALBERTA, CANADA</stateOrCountryDescription>
                <zipCode>T2W 4Y1</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Alan</firstName>
                <middleName>P.</middleName>
                <lastName>Hallman</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10655 Southport Road S.W.</street1>
                <street2>Suite 970</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <stateOrCountryDescription>ALBERTA, CANADA</stateOrCountryDescription>
                <zipCode>T2W 4Y1</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Allan</firstName>
                <lastName>Rasmuson</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10655 Southport Road S.W.</street1>
                <street2>Suite 970</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <stateOrCountryDescription>ALBERTA, CANADA</stateOrCountryDescription>
                <zipCode>T2W 4Y1</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Peter</firstName>
                <middleName>A.</middleName>
                <lastName>Lubey</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10655 Southport Road S.W.</street1>
                <street2>Suite 970</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <stateOrCountryDescription>ALBERTA, CANADA</stateOrCountryDescription>
                <zipCode>T2W 4Y1</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>N.</firstName>
                <middleName>Gary</middleName>
                <lastName>Van Nest</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10655 Southport Road S.W.</street1>
                <street2>Suite 970</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <stateOrCountryDescription>ALBERTA, CANADA</stateOrCountryDescription>
                <zipCode>T2W 4Y1</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Oil and Gas</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-12-17</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isOptionToAcquireType>true</isOptionToAcquireType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Emerging Group Equities, Ltd.</recipientName>
                <recipientCRDNumber>47040</recipientCRDNumber>
                <associatedBDName>Casimir Capital L.P.</associatedBDName>
                <associatedBDCRDNumber>105061</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1150 First Avenue, Park View Tower</street1>
                    <street2>Suite 600</street2>
                    <city>King of Prussia</city>
                    <stateOrCountry>PA</stateOrCountry>
                    <stateOrCountryDescription>PENNSYLVANIA</stateOrCountryDescription>
                    <zipCode>19406</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>TX</state>
                    <description>TEXAS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>1208397</totalOfferingAmount>
            <totalAmountSold>1208397</totalAmountSold>
            <totalRemaining>0</totalRemaining>
            <clarificationOfResponse>Each unit consists of 1 common share and one common share purchase warrant. Each whole warrant entitles the holder to acquire 1 common share purchase warrant at an approximate price of $0.5 until September 30, 2011.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>1</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>84588</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>Petro-Reef Resources Ltd.</issuerName>
                <signatureName>/s/ John Pantazopoulos</signatureName>
                <nameOfSigner>John Pantazopoulos</nameOfSigner>
                <signatureTitle>VP Finance and CFO</signatureTitle>
                <signatureDate>2010-12-21</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----