Pharos Energy plc has announced that it has purchased 153,775 of its own ordinary shares through Peel Hunt LLP as part of its share buyback program. The shares purchased will be cancelled. The highest price paid per share was 22.7000 pence, the lowest price paid per share was also 22.7000 pence, and the volume weighted average price paid per share was 22.7000 pence. After the purchase and cancellation, the company will have 435,990,348 ordinary shares in issue, with 9,122,268 held in treasury. The figure of 426,868,080 may be used by shareholders as the denominator for calculating their interest in the company. Since the initiation of the share buyback program, the company has purchased a total of 16,355,079 ordinary shares for cancellation at a cost of £3,916,788.37.