2014

Penn West Announces 2013 Fourth Quarter Dividend

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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