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.

    %SEDAR: 00024297E




For further information:

For further information: 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

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TRAFALGAR ENERGY LTD.

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