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Penn West Exploration Announces 2013 Second Quarter Dividend

Stocks in this article: PWEPWT

CALGARY, Alberta, May 2, 2013 /PRNewswire/ --

PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("PENN WEST") is pleased to announce that the Board of Directors has declared a second quarter 2013 dividend of $0.27 per share to be paid on July 15, 2013 to shareholders of record at the close of business on June 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.

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

Murray Nunns, President & Chief Executive Officer Phone:  +1-403-218-8939 E-mail:  murray.nunns@pennwest.com

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

(PWT. PWE)

SOURCE Penn West Exploration

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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