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Press release from PR Newswire

Penn West Announces 2013 Fourth Quarter Dividend

Wednesday, November 06, 2013

Penn West Announces 2013 Fourth Quarter Dividend

07:53 EST Wednesday, November 06, 2013

CALGARY, Alberta, November 6, 2013 /PRNewswire/ --

PENN WEST PETROLEUM LTD. (TSX: PWT) (NYSE: PWE)("PENN WEST") is pleased to announce that the Board of Directors has declared a fourth quarter 2013 dividend of $0.14 per share to be paid on January 15, 2014 to shareholders of record at the close of business on December 31, 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.

For further information:

PENN WEST EXPLORATION Penn West Plaza Suite 200, 207 - 9th Avenue SW Calgary, Alberta  T2P 1K3 Phone: +1-403-777-2500 Fax:   +1-403-777-2699 Toll Free: 1-866-693-2707 Website: http://www.pennwest.com Investor Relations: Toll Free: 1-888-770-2633 E-mail: investor_relations@pennwest.com

Clayton Paradis, Manager, Investor Relations Phone:  +1-403-539-6343 E-mail: clayton.paradis@pennwest.com

SOURCE Penn West Exploration

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