Penn West Exploration to present at 2012 CAPP Investment Symposium

      Penn West Exploration to present at 2012 CAPP Investment Symposium

PR Newswire

CALGARY, Dec. 3, 2012

CALGARY, Dec. 3, 2012 /PRNewswire/ - Penn West Exploration (TSX:PWT)
(NYSE:PWE) will be presenting at the 2012 CAPP Investment Symposium on Monday,
December 10, 2012 at 10:00am EST (8:00am MST) in Toronto, Ontario.

We invite interested parties to visit the following URL at the time and date
noted above to listen to a webcast of the presentation:
http://www.pennwest.com/investors/presentations-webcasts.

"The 2012 CAPP Investment Symposium focuses on the investment opportunities
offered in the high-growth, high-potential Canadian oil and gas industry. With
the third-largest oil reserves in the world and equally significant natural
gas assets, Canada's upstream oil and gas industry will continue to create
significant value for investors, the industry and all Canadians as global
energy demand grows," said CAPP president Dave Collyer. "CAPP's Investment
Symposium will highlight industry plans to ensure competitiveness and social
license to realize these growth opportunities."

The Canadian Association of Petroleum Producers (CAPP) represents companies
large and small, that explore for, develop and produce natural gas and crude
oil throughout Canada. CAPP's member companies produce about 90 per cent of
Canada's natural gas and crude oil. CAPP's associate members provide a wide
range of services that support the upstream crude oil and natural gas
industry. Together CAPP's members and associate members are an important part
of a national industry with revenues of about $100 billion a year. CAPP's
mission is to enhance the economic sustainability of the Canadian upstream
petroleum industry in a safe and environmentally and socially responsible
manner, through constructive engagement and communication with governments,
the public and stakeholders in the communities in which we operate.

Penn West is one of the largest conventional oil and natural gas producers in
Canada. Penn West operates a significant portfolio of opportunities with a
dominant position in light oil in Canada. Based in Calgary, Alberta, Penn West
operates throughout western Canada on a land base encompassing over six
million acres.

SOURCE Penn West Exploration

Contact:

PENN WEST EXPLORATION
Suite 200, 207 - 9th Avenue SW
Calgary, Alberta T2P 1K3

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

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

Investor Relations:
Toll Free: 1-888-770-2633
E-mail: investor_relations@pennwest.com
Phone: 403-777-2500
Fax: 403-777-2699
Toll Free: 1-866-693-2707
Website: www.pennwest.com