CALGARY, July 4, 2016 /PRNewswire/ - PENN WEST
PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("Penn West",
"we", "us" or "our") is pleased to announce
that it received notification 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 January 4, 2016, 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 June 30,
2016 since the average closing price of its common stock for
the consecutive 30 trading days ended June
30, 2016 and the closing price of its common stock on
June 30, 2016 both exceeded
US$1.00.
About Penn West
Penn West is a conventional oil and natural gas producer in
Canada. Our goal is to be the
company that redefines oil and gas excellence in western
Canada. Based in Calgary, Penn West operates a significant
portfolio of opportunities with a dominant oil position in the
Cardium, Viking and Peace River areas of Alberta.
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