Penn West Exploration Announces 2013 Second Quarter Dividend

CALGARY, May 1, 2013 /CNW/ - 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.

SOURCE: Penn West Exploration

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

Phone: [phone]
Fax: [phone]
Toll Free: 1-866-693-2707
Website: www.pennwest.com 

Investor Relations:
Toll Free: 1-888-770-2633
E-mail: [email protected]

Murray Nunns, President & Chief Executive Officer
Phone:  [phone]
E-mail: [email protected]

Clayton Paradis, Manager, Investor Relations
Phone:  [phone]
E-mail: [email protected]