Feb 16 (Reuters) - Penn West Petroleum Ltd PWT.TO :
* Press release - Penn West enters into agreements to settle all class action
proceedings in Canada and the United States
* Says settlement agreements provide for a payment that will be fully funded by
insurance coverage maintained by Penn West
* Says the payment will not impact Penn west's cash resources or financial
position
* Says lawsuit related to Penn west's plans to restate certain historical
financial statements and related management discussion
* Source text for Eikon ID:nNrm6lgYhm
* Further company coverage PWT.TO