Penn West Exploration Announces 2013 Second Quarter Dividend

         Penn West Exploration Announces 2013 Second Quarter Dividend

  PR Newswire

  CALGARY, Alberta, May 2, 2013

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 SWCalgary,
Alberta T2P 1K3

Phone: +1-403-777-2500 Fax: +1-403-777-2699Toll 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)
 
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