Trafalgar Energy Ltd. announces natural gas discovery

CALGARY, July 15 /CNW/ - Trafalgar Energy Ltd. (TSX symbol: TFL) is pleased to announce as part of its summer 2008 drilling program a significant gas discovery at Stowe, Alberta.

Trafalgar's 100% working interest 4-25-91-24W5 well tested at rates in excess of 2.3 mmcf per day of natural gas and 40 barrels per day of associated condensate (approximately 423 Boe per day) over a 3 day period. The Company expects to complete tie-in of the 4-25 well to the existing nearby infrastructure by August 15, 2008. Trafalgar is currently collecting pressure build up data from the well. The data will be used to estimate the reserve potential and long term flow rate. Trafalgar has established an 18 section 100% working interest land base at Stowe with several prospects identified. The Company currently anticipates drilling additional wells at Stowe in early 2009.

Stowe represents the first of a 4 to 5 well summer exploratory drilling program. Wells evaluating the 100% working interest Rich, House Mountain and Beaton prospects are scheduled to be drilled in August and September of this year.

Forward Looking Statements

This press release contains forward-looking statements and information concerning the timing of completion of the tie-in of the 4-25 well and the Company's future drilling plans at Stowe. Actual production from the 4-25 well could differ materially from test results. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks.

The forward-looking statements and information contained in this press release are based on management's estimates, opinions and assumptions at the time the statements were made including assumptions relating to the production performance of Trafalgar's oil and gas assets, the cost and competition for services throughout the oil and gas industry in 2008 and beyond, current commodity prices and the continuation of the current regulatory regime in Canada, and necessarily involve known and unknown risks and uncertainties which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks include the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. Trafalgar's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Trafalgar will derive therefrom. Readers should not place undue reliance on the forward-looking statements and information contained in this press release.

Boe Advisory - The term "Boe" or barrels of oil equivalent may be misleading, particularly if used in isolation. A Boe conversion ratio of six thousand cubic feet per barrel (6 Mcf: 1 Bbl) of natural gas to barrels of oil equivalence is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

Contacts

TRAFALGAR ENERGY LTD.
Robert Wollmann
President and CEO
Telephone (403) 216-2706
Email rwollmann@trafalgarenergy.ca

Daniel Belot
Vice President Finance and Chief Financial Officer
Telephone (403) 216-2707
Email dbelot@trafalgarenergy.ca or visit www.trafalgarenergy.ca