Penn West Confirms Filing of its 2013 Year End Disclosure Documents

March 7, 2014

CALGARY, March 7, 2014 /PRNewswire/ – PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) (“PENN WEST” or the “Company”) announces that it has filed with Canadian securities regulatory authorities its audited
Consolidated Financial Statements for the year ended December 31, 2013
and related Management’s Discussion and Analysis. Penn West has also
filed its Annual Information Form for the year ended December 31, 2013,
which includes the disclosure and reports relating to reserves data and
other oil and gas information required pursuant to National Instrument
51-101. Penn West’s Annual Report on Form 40-F for the year ended
December 31, 2013 will be filed with the U.S. Securities and Exchange
Commission later today.

Copies of these documents may be obtained electronically at www.sedar.com and www.sec.gov/edgar.shtml (for the Form 40-F) or through Penn West’s website at www.pennwest.com. Hard copies of Penn West’s audited Consolidated Financial Statements
and related MD&A are also available upon request, free of charge, by
contacting our Investor Relations group or by requesting them through
our website.

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.

SOURCE Penn West

Source: PR Newswire

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