Pharos Energy plc has announced that it has purchased 59,923 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 21.9600 pence, the lowest price paid per share was also 21.9600 pence, and the volume weighted average price paid per share was 21.9600 pence. After the purchase and cancellation, the company will have 432,402,906 ordinary shares in issue, with 9,122,268 held in treasury. The figure of 423,280,638 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 19,942,521 ordinary shares for cancellation at a cost of £4,723,317.38.