Pharos Energy plc has announced that it has purchased 59,671 ordinary shares of £0.05 each in the company through Peel Hunt LLP. The shares purchased will be cancelled. The highest price paid per share was 23.0000 pence, the lowest price paid per share was also 23.0000 pence, and the volume weighted average price paid per share was 23.0000 pence. After the purchase and cancellation, the company will have 437,637,414 ordinary shares in issue, of which 9,122,268 are held in treasury. The figure of 428,515,146 may be used by shareholders as the denominator for calculating whether they are required to notify their interest in the company. Since the initiation of the share buyback program, the company has purchased a total of 14,708,013 ordinary shares for cancellation at a cost of £3,540,824.04.