CALGARY, July 4, 2013 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT) (NYSE - PWE) ("PENN WEST") announces that effective July 5, 2013, Mr. Allan Markin will be
stepping down from the Board of Penn West.
On behalf of the Board of Directors, Chairman, Mr. Rick George commented
"we appreciate the contributions Al has made to Penn West in the time
he was on the Board. We will continue to focus on many of the areas of
value enhancement he championed."
Penn West continues to progress its transition plans with the Special
Committee of the Board, chaired by Jay Thornton, moving forward on a
detailed plan to review company strategy and assets. In addition, the
company's new President and CEO, Dave Roberts, is now in place working
detailed asset reviews, capital spending plans, personnel optimization
and organizational structure.
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 Exploration
For further information:
PENN WEST EXPLORATION
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
Dave Roberts, President & Chief Executive Officer
Clayton Paradis, Manager, Investor Relations