Since I don't have to worry about my post getting

Since I don't have to worry about my post getting deleted... (Ihub) I will post more as I build research again, stopped since it kept getting deleted.

Lake Bayano is roughly 35,000 hectares (350 square kilometers=135.14 square miles=35,001 hectares). Ecotimber has a 15,000 hectare/15 year concession and HIMR has a 2,400 hectare/5 year concession. (Information thanks to dano9008 )

This leaves a remaining 17,600 that may still be available for logging by Hollund if they prove successful. I found reference to some small past concessions that I couldn't verify that may have been up to 3000 hectare combined. So conservatively 13,000 remaining.

Here is a good read about lake bayano woods and logging to give some better insight to what Hollund will have.

http://www.coastecotimber.com/en/panama-wood.html

Information regarding the operation, ecotimber's permit was granted around Jan 2013. Hollund had existing competition while working on their concession.

http://www.thepanamanews.com/pn/v_19/issue_01...my_17.html

http://www.woodbusiness.ca/harvesting/bc-firm...ama-timber Jan 2013

Panama's National Environmental Authority, ANAM, handed Coast Eco Timber owner Alana Husby a welcome Christmas present on Dec. 20. It was the go-ahead for her wholly owned firm to spend 15 years logging 15,000 hectares' worth of timber that was submerged in 1976 when a hydroelectric scheme created Lake Bayano. Along with the approval came the prospect of a happy new year to the tune of $15 million in revenue, and perhaps three times that by 2015.

According to The Vancouver Sun, Husby, 37, actually began harvesting and milling logs up to four metres in diameter from the lake a year ago under a joint venture with the Kuna de Madugandi indigenous people. Eighty local folk presently work for Coast Eco Timber, which has retrieved older logs from 1,000 hectares of another Panamanian lake, Gatun, since 2010. That body of water inundated another hardwood forest when it was created during the construction of the Panama Canal, which opened in 1914.

- Panama’s Lake Bayano (owned by the Kuna Madugandi Tribe) -


Rights to log given to B & B Madera (Pedro Barquet)

http://investorshangout.com/post/872168/-Mr-P...adera-S-A-

On January 25,2013, the General Congress granted B & B Madera S.A. the rights to the harvesting , extraction and processing of trees (snags) from Lake Bayano in the area of Parti, Nacruz Gandi y Tabardi with the approval of the General Congress of the Kuna of Madugandi ("The Kuna Contract").

The Aquatic Resources Authority of Panama (ARAP) DGOMIIDMRA-648-12 official letter of October 18, 2012 addressed to the Director of Integrated Management of Watersheds Authority (National Environmental ANAM), awarded a business license to B&B to initiate the development of the Tilapia Business, as well as the extraction of underwater timber or "snags" from Lake Bayano in the area ofParti, Nacruz Gandi y Tabardi.

Pedro Barquet submitted to Hollund a business plan ("BP") representing that there are approximately 20,000 underwater trees (snags) or l0,000,000 board feet of timber located within the Lake Bayano Concession described as area of Parti, Nacruz Gandi y Tabardi. This business plan (BP) is the chief component which Hollund based their revenue calculations and monetary proposal to Mr. Barquet.

Letter of intent to Pedro Barquet.

https://www.otciq.com/otciq/ajax/showFinancia...?id=108205