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Press release from PR Newswire

Penn West Exploration Announces 2013 First Quarter Dividend

Thursday, February 14, 2013

Penn West Exploration Announces 2013 First Quarter Dividend06:30 EST Thursday, February 14, 2013 CALGARY, Feb. 14, 2013 /PRNewswire/ - PENN WEST PETROLEUM LTD. (TSX - PWT) (NYSE - PWE) ("PENN WEST") is pleased to announce that the Board of Directors has declared a first quarter 2013 dividend of $0.27 per share to be paid on April 15, 2013 to shareholders of record at the close of business on March 28, 2013. Shareholders are advised that this dividend is designated as an "eligible dividend" for Canadian income tax purposes. Penn West shares are listed on the Toronto Stock Exchange under the symbol PWT and on the New York Stock Exchange under the symbol PWE. All dollar amounts herein are in Canadian Dollars. SOURCE Penn West ExplorationFor further information: <p> </p> <p> <b>PENN WEST EXPLORATION</b><br/> Penn West Plaza<br/> Suite 200, 207 - 9<sup>th</sup> Avenue SW<br/> Calgary, Alberta  T2P 1K3<br/> <br/> Phone: 403-777-2500<br/> Fax: 403-777-2699<br/> Toll Free: 1-866-693-2707<br/> Website: <a href="http://www.pennwest.com">www.pennwest.com</a><br/> <br/> Investor Relations:<br/> Toll Free: 1-888-770-2633<br/> E-mail: <a href="mailto:investor_relations@pennwest.com">investor_relations@pennwest.com </a> </p> <p> Murray Nunns, President & Chief Executive Officer<br/> Phone:  403-218-8939<br/> E-mail: <a href="mailto:murray.nunns@pennwest.com">murray.nunns@pennwest.com </a> </p> <p> Clayton Paradis, Manager, Investor Relations<br/> Phone: 403-539-6343<br/> E-mail: <a href="mailto:clayton.paradis@pennwest.com">clayton.paradis@pennwest.com</a> </p>