Penn West Confirms Filing of its 2013 Year End Disclosure Documents

CALGARY, Alberta, 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 http://www.sedar.com and http://www.sec.gov/edgar.shtml (for the Form 40-F) or through Penn West's website at http://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

For further information:

PENNWESTEXPLORATION
Penn West Plaza
Suite 200, 207 - 9^th 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: [email protected]

Clayton Paradis, Manager, Investor Relations
Phone: +1-403-539-6343
E-mail: [email protected]

SOURCE Penn West