Pharos Energy plc has announced that it has purchased 187,781 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 23.0147 pence, the lowest price paid per share was also 23.0147 pence, and the volume weighted average price paid per share was 23.0147 pence. After the purchase and cancellation, the company will have 433,450,749 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 £4,488,339.43.