CALGARY, Dec. 2, 2015 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE
- PWE) ("Penn West", "we", "us" or "our") is pleased to announce that it received notification yesterday from
the New York Stock Exchange (the "NYSE") that it has regained compliance with the NYSE's continued listing
standard regarding the price of its common stock.
On September 4, 2015, Penn West received notification from the NYSE that
Penn West had fallen below the NYSE's continued listing standard, which
requires a minimum average closing price of US$1.00 over a consecutive
30 trading day period. Penn West regained compliance at the close of
trading on November 30, 2015 since the average closing price of its
common stock for the consecutive 30 trading days ended November 30,
2015 and the closing price of its common stock on November 30, 2015
both exceeded US$1.00.
About Penn West
Penn West is one of the largest conventional oil and natural gas
producers in Canada. Our goal is to be the company that redefines oil
& gas excellence in western Canada. Based in Calgary, Alberta, Penn
West operates a significant portfolio of opportunities with a dominant
position in light oil in Canada on a land base encompassing
approximately 4 million acres.
Penn West shares are listed on the Toronto Stock Exchange under the
symbol "PWT" and on the NYSE under the symbol "PWE".
SOURCE Penn West
For further information:
Penn West Plaza
Suite 200, 207 - 9th Avenue SW
Calgary, Alberta T2P 1K3
Toll Free: 1-866-693-2707
Toll Free: 1-888-770-2633