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Press release from CNW Group

Penn West Exploration announces the resignation of Mr. Allan Markin

Thursday, July 04, 2013

Penn West Exploration announces the resignation of Mr. Allan Markin

16:33 EDT Thursday, July 04, 2013

CALGARY, July 4, 2013 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT) (NYSE - PWE) ("PENN WEST") announces that effective July 5, 2013, Mr. Allan Markin will be stepping down from the Board of Penn West.

On behalf of the Board of Directors, Chairman, Mr. Rick George commented "we appreciate the contributions Al has made to Penn West in the time he was on the Board.  We will continue to focus on many of the areas of value enhancement he championed."

Penn West continues to progress its transition plans with the Special Committee of the Board, chaired by Jay Thornton, moving forward on a detailed plan to review company strategy and assets. In addition, the company's new President and CEO, Dave Roberts, is now in place working detailed asset reviews, capital spending plans, personnel optimization and organizational structure.

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.

SOURCE: Penn West Exploration

For further information:

PENN WEST EXPLORATION
Penn West Plaza
Suite 200, 207 - 9th Avenue SW
Calgary, Alberta  T2P 1K3
Phone: 403-777-2500
Fax: 403-777-2699
Toll Free: 1-866-693-2707
Website: www.pennwest.com 

Investor Relations:
Toll Free: 1-888-770-2633
E-mail: investor_relations@pennwest.com 

Dave Roberts, President & Chief Executive Officer
Phone:  403-777-2511
E-mail: dave.roberts@pennwest.com 

Clayton Paradis, Manager, Investor Relations
Phone:  403-539-6343
E-mail: clayton.paradis@pennwest.com

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