CALGARY, June 4, 2014 /PRNewswire/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("PENN WEST") ") is pleased to announce that at its Company's annual general meeting of shareholders held on June 4, 2014, Penn West's shareholders approved all resolutions outlined in the Notice of 2014 Annual General Meeting and Management Proxy Circular dated May 1, 2014.

1. Appointment of Auditor

By resolution passed by show of hands, KPMG LLP, Chartered Accountants, was appointed as auditor of Penn West for the ensuing year.

2. Election of Directors

By resolutions passed by ballot vote, the following eight nominees proposed by management were elected as directors of the Corporation to hold office until the next annual meeting of Shareholders or until their successors are elected or appointed:






                                            

    Name of Nominee    Votes For   Percent Votes Withheld Percent

                                      

    James E. Allard    219,161,289 96.32%     8,362,070   3.68%

    George H. Brookman 224,128,624 98.51%     3,394,735   1.49%

    John Brydson       225,263,067 99.01%     2,260,292   0.99%

    Gillian H. Denham  218,655,517 96.10%     8,867,842   3.90%

    Richard L. George  219,106,074 96.30%     8,417,285   3.70%

    David E. Roberts   225,288,216 99.02%     2,235,143   0.98%

    James C. Smith     219,473,288 96.46%     8,050,071   3.54%

    Jay W. Thornton    219,572,125 96.51%     7,951,235   3.49%



3. Non-Binding Advisory Vote on the Corporation's Approach to Executive Compensation

By resolution passed by ballot vote, an advisory resolution was passed to approve the Corporation's approach to executive compensation as outlined in the Information Circular. The results of the ballot were as follows:






    Votes For   Percent Votes Withheld Percent

    196,993,227 86.59%  30,518,041     13.41%



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 five million acres.

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