Penn West Exploration to present at 2012 CAPP Investment Symposium

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