Gran Tierra Energy Inc. (NYSE American: GTE | TSX: GTE | LSE: GTE) announced on October 5, 2026, that Azerbaijan's Parliament, the Milli Majlis, has ratified the exploration, development and production sharing agreement for the onshore Guba-Khazaryani Contract Area, originally signed with the State Oil Company of the Republic of Azerbaijan on February 18, 2026. The ratification formalises Gran Tierra's position as operator with a 65% working interest in the region. The company simultaneously disclosed completion of an airborne digital full tensor gradiometry survey across the contract area, marking a significant early-stage exploration milestone for investors to monitor.

Key Points

  • Gran Tierra Energy Inc. (NYSE American: GTE | TSX: GTE | LSE: GTE), a Calgary-based independent international energy company
  • Azerbaijan's Milli Majlis ratified the onshore Guba-Khazaryani EDPSA during the first plenary session of the autumn term
  • Airborne dFTG survey covered 5,775 line-kilometres across 4,815 square kilometres; a special stockholder meeting regarding the Colombian and Ecuadorian asset sale is scheduled for October 9, 2026
  • Investors may be watching how dFTG data shapes future seismic acquisition and drilling location decisions in Azerbaijan

Milli Majlis Ratification Formally Activates Gran Tierra's Azerbaijan EDPSA

The ratification by Azerbaijan's Parliament brings the EDPSA into formal legal effect, a necessary step before Gran Tierra can advance its exploration programme in the Guba-Khazaryani region. The agreement was signed with the State Oil Company of the Republic of Azerbaijan on February 18, 2026, and the parliamentary vote took place during the first plenary session of the autumn legislative term. Gran Tierra holds a 65% working interest and serves as operator under the agreement. CEO Gary Guidry acknowledged the contributions of the Azerbaijani government, its agencies, and the Milli Majlis in advancing the ratification process.

Airborne dFTG Survey Spans 4,815 Square Kilometres Across the Contract Area

Gran Tierra disclosed that it has completed flying its airborne digital full tensor gradiometry survey, covering 102 lines totalling 5,775 line-kilometres across 4,815 square kilometres. The release states that this dataset will be used to define sedimentary basin geometry and fault-related structures that could trap oil and gas within the Contract Area. According to the announcement, the dFTG data will be integrated with existing seismic and exploratory well data to inform the selection of future seismic acquisition zones and to optimise exploration and appraisal drilling targets.

Colombia and Ecuador Asset Sale Vote Set for October 9, 2026

Separate from the Azerbaijan developments, Gran Tierra noted that a special stockholder meeting is scheduled for October 9, 2026, to consider approval of the previously announced sale of its Colombian and Ecuadorian businesses. A definitive proxy statement was filed with the U.S. Securities and Exchange Commission on September 23, 2026. The company's disclosure suggests that upon completion of the sale, Gran Tierra's operational focus will shift to its Canadian and Azerbaijani assets. The immediate share price impact of these combined announcements was not clear from available public information.