Penn West Exploration Announces Renewal of Its Bank Facility

CALGARY, June 15, 2012 /CNW/ - (TSX-PWT; NYSE - PWE) Penn West Petroleum Ltd. ("Penn West Exploration") closed the renewal of its unsecured, revolving bank facility on June 15, 2012. The facility has a four year term maturing on June 30, 2016 and includes a syndicate of Canadian and International banks.  The facility has an aggregate borrowing limit of $3.0 billion.  This renewal was jointly led by BMO Capital Markets and Canadian Imperial Bank of Commerce.

Penn West Exploration common 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 Exploration

For further information:

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

Murray Nunns, President & Chief Executive Officer
Phone: 403-218-8939
E-mail: murray.nunns@pennwest.com

Jason Fleury, Senior Manager, Investor Relations
Phone: 403-539-6343
E-mail: jason.fleury@pennwest.com

Investor Relations:
Toll Free: 1-888-770-2633
E-mail: investor_relations@pennwest.com
Phone: 403-777-2500
Fax: 403-777-2699
Toll Free: 1-866-693-2707
Website: www.pennwest.com

Profil de l'entreprise

Penn West Exploration

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.