Pharos Energy plc has announced that it has purchased 24,426 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 20.9600 pence, the lowest price paid per share was also 20.9600 pence, and the volume weighted average price paid per share was 20.9600 pence. After the purchase and cancellation, the company will have 432,613,449 ordinary shares in issue, with 9,122,268 held in treasury. The figure of 423,491,181 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 19,731,978 ordinary shares for cancellation at a cost of £4,676,702.72.