Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of Penn West Petroleum Ltd. (“Penn West Petroleum” or the “Company”) (NYSE:PWE). The investigation concerns possible violations of federal securities laws and focuses certain on statements issued by the Company concerning Penn West Petroleum’s operations and financial performance. Investors who have losses of $100,000 or more are encouraged to contact the firm for more information.

Penn West Petroleum acquires, explores and develops petroleum and natural gas properties in Canada and the United States. The investigation is related to the Company’s July 29, 2014, announcement that the Audit Committee of Penn West Petroleum’s board of directors is conducting an internal review of certain of the Company’s accounting practices. As a result of this review, the Company anticipates possible delay in reporting second quarter financial results. According to a Company-issued press release, the board of directors “concluded that certain of the Company's historical financial statements and related management’s discussion and analysis ('MD&A') must be restated, which may result in the release of second quarter 2014 financial results being delayed.”

If you purchased Penn West Petroleum securities and suffered losses of $100,000 or more, if you have information or would like to learn more about these claims, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.