Pharos Energy plc has announced that it has purchased 85,371 ordinary shares of £0.05 each in the company through Peel Hunt LLP as part of its share buyback program. The shares purchased will be cancelled. The highest price paid per share was 21.9000 pence, the lowest price paid per share was also 21.9000 pence, and the volume weighted average price paid per share was 21.9000 pence. After the purchase and cancellation, the company will have 432,777,276 ordinary shares in issue, with 9,122,268 held in treasury. The total cost of the share buyback program, excluding stamp duty and dealing expenses, is £4,642,019.06.