Penn West Announces its Financial Results for the Third Quarter Ended September 30, 2013

Penn West Announces its FinancialPenn West Announces its Financial Results for the Third Quarter Ended September 30, 2013 PR Newswire CALGARY, Alberta, November 6, 2013 PENN WEST PETROLEUM LTD. (TSX: PWT); (NYSE: PWE) ("PENN WEST" or the "COMPANY") is pleased to announce its results for the third quarter ended September 30, 2013. All figures are in Canadian dollars unless otherwise stated. Three months ended Nine months ended September 30 September 30 % % 2013 2012 change 2013 2012 change Financial (millions, except per share amounts) Gross revenues (1,2) $ 773 $ 840 (8) $ 2,222 $ 2,484 (11) Funds flow (2) 293 344 (15) 838 953 (12) Basic per share (2) 0.60 0.72 (17) 1.73 2.01 (14) Diluted per share (2) 0.60 0.72 (17) 1.73 2.01 (14) Net income (loss) 27 (67) 100 (110) 227 (100) Basic per share 0.06 (0.14) 100 (0.23) 0.48 (100) Diluted per share 0.06 (0.14) 100 (0.23) 0.