Cookie Consent by Free Privacy Policy website Document: Log Export Monitoring Monthly Report for December 2023 | Forests Portal

Log Export Monitoring Monthly Report for December 2023

SGS, March 2024


                                Log Export Monitoring
                                         Monthly Report
                                                               For

                                         December 2023
                                                          to the

                        Exported Log Volume vs FOB - Last 10 Years
              4500000                                                                                1.4E+09

              4000000
                                                                                                     1.2E+09
              3500000
                                                                                                     1E+09
              3000000
VOLUME (M3)




                                                                                                                 FOB (KINA)
              2500000                                                                                800000000

              2000000                                                                                600000000

              1500000
                                                                                                     400000000
              1000000
                                                                                                     200000000
              500000

                    0                                                                                0
                         2014   2015   2016     2017    2018    2019   2020    2021    2022   2023
                                                           YEAR

                                              Year       Volume (m3)          FOB (Kina)




                  Papua New Guinea Forest Authority
                                                       March 2024

Page 1 screenshot
Tuesday 12th March 2024

Dear Reader,


          Re: EXPORT LOG MONITORING

Please find attached a copy of the SGS PNG monthly report on its log export monitoring activities for
the month of December – 2023. A comprehensive range of log export statistical tables and results of
the SGS PNG inspection services has been included.

A total of 56 inspections were carried out this month. Of these, serious discrepancies were detected
and corrected for 10 shipments. This represents 18 percent of all shipments. The total volume
inspected was 240,014 m3 for the month. Logs exported without initially being declared for export by
exporters totaled 261 m3. Supplementary declarations by the exporters were required for all these
logs, in order to ensure that The State obtained the full financial benefits of the total log export
cargoes.

Financial highlights due to export monitoring for this month are as follows:

  Additional Log Export Development Levy collectable (K)                                                                     3,551
  Additional Customs Duty collectable (K)                                                                                   14,742
  Additional Foreign Exchange (K)                                                                                          108,688
  Estimate of Additional Tax Revenue (K)                                                                                    32,606

The following table summarises the benefits of the monitoring Agreement to Papua New Guinea for
the year to date, and the previous two years.

                                                                                         2021                    2022                   2023
Direct Project Expenses (K)                                                           8,996,138               7,365,691              7,279,842
Additional Development Levy Payable (K)                                                  15,037                  15,722                 16,137
Additional Customs Duty Payable (K)                                                     284,646                 328,364                256,605
Additional Tax Payable IRC (K, Estimate)                                                189,754                 213,460                187,884
Additional Foreign Exchange (K)                                                         632,511                 711,539                626,281

Deterrent Effect (K, additional foreign exch. Estimate)                               46,262,591              51,961,897              34,129,857
Note: 2023 figures are from January to December.


SGS has noted a significant decrease in discrepancies over time since surveillance services were
established in late 1994. This on-going ‘deterrent effect’ has been estimated by the PNGFA as five
per cent of the FOB value of log exports.

When reviewing the export and inspections data, it should be noted that not all shipments inspected
during the month were exported before month’s end.

For any change of address or if you would like to add a name to the mailing list or be removed from
the mailing list, please contact the SGS office by email, telephone or fax, at your convenience.
Similarly, please advise if you would prefer to receive an email copy of the report instead of a
printed copy.



                     PO Box 1260, Port Moresby, NCD Tel: (675) 323 1433 Fax: (675) 323 1697 E-mail:pg.portmoresby@sgs.com Web:www.sgs.com
                                                                           Member of the SGS Group (Société Générale de Surveillance)

Page 2 screenshot
Yours faithfully




Foe Oii
Country Manager
SGS PNG Ltd
Port Moresby




                   PO Box 1260, Port Moresby, NCD Tel: (675) 323 1433 Fax: (675) 323 1697 E-mail:pg.portmoresby@sgs.com Web:www.sgs.com
                                                                         Member of the SGS Group (Société Générale de Surveillance)

Page 3 screenshot
                       Highlights of Log Exports in 2023
1. In 2023, the highest log volume exported by month was in November with 233,809 m3
   followed by March (225,544 m3). The lowest volume shipped was in April with 142,572 m3.
   The highest FOB value of K73,929,796.00 was achieved in January. (See Graph 1).

2. West New Britain Province was the major exporter in 2023 with 451,735 m3 followed by East
   New Britain with 412,005 m3. West Sepik province achieved the highest FOB in Kina for the
   year. This was a result of the high volume of kwila exported. (See Graph 2)

3. This year, 1,619,193 m3 of logs were exported as rainforest saw veneer. Low grade log export
   totalled 541,321 m3. (See Graph 3).

4. In 2023, China continued to be the major export destination, taking ninety per cent of the
   yearly total volume, followed by Vietnam at three per cent. (See Graph 4)

5. This year, group one specie continued to be the major log group shipped at seventy-one per
   cent of the total export volume, followed by group four at twelve per cent. (See Graph 5)

6. Taun was the dominant group 1 species exported in 2023 totalling 465,457 m3 followed by
   kwila with 242,945 m3 and, calophyllum with 184,261 m3. This comparison is for group 1
   specie only. (See graph 6)

7. Cakara Alam (PNG) Ltd group of companies topped the log volume export in 2023 with
   178,631 m3 followed by Rimbunan Hijau (PNG) Ltd group of companies with 172,980 m3
   and Pacific Region Development Ltd with 150,077 m3. (See Graph 7).

8. In 2023, Rottock Bay Consolidated FMA contributed 168,532 m3 of the yearly total volume
   export followed by Lower Musa Agro Forestry FCA with 100,170 m3 and Ania Kapiura
   Consolidated with 93,496 m3. (See Graph 8)

9. Forest Clearance Authority (FCA) contributed thirty-eight per cent of the total log volume
   export in 2023 while, Timber Permit (TP) projects contributed thirty-four per cent of the log
   export for the year. (See Graph 9)

Page 4 screenshot
                                                                                       Graphical Summaries for Logs Exported in 2023


                                                                                               Log Volume Exported by Month vs FOB - 2023
                                     73929796
                            250000                                 225544                                                                                                                    233809                   80000000
                                                                                                               204061                                                                                                 70000000
                            200000
                                                                                                                                                                                                                      60000000
              Volume (m3)




                                                                                                                                                                                                                      50000000




                                                                                                                                                                                                                                 FOB (Kina)
                            150000
Graph 1                                                                                                                                                                                                               40000000
                            100000                                                                                                                                                                                    30000000
                                                                                                                                                                                                                      20000000
                             50000
                                                                                                                                                                                                                      10000000
                                 0                                                                                                                                                                                    0
                                     January      February             March        April         May           June               July             August     September     October       November    December
                                                                                                                         Month


                                                                                                                Volume (m3)                FOB (Kina)




                                                                                            Log Volume Exported by Province vs FOB - 2023
                        500,000                                                                                                                                                        165,750,342                180,000,000
                        450,000                                                                                                                                    451,735                                        160,000,000
                        400,000                              412,005
                                                                                                                                                                                                                  140,000,000
                        350,000
                                                                                                                                                                                                                  120,000,000
Graph 2




                                                                                                                                                                                                                                 (Kina)
          Volume (m3)




                        300,000
                                                                                                                                  283,529                                                                         100,000,000
                        250,000
                                                                                                                                                                                                                  80,000,000




                                                                                                                                                                                                                                    FOB
                        200,000
                                                                                                                                                                                                                  60,000,000
                        150,000
                        100,000                                                                                                                                                                                   40,000,000

                            50,000                                                                                                                                                                                20,000,000

                                0                                                                                                                                                                                 0
                                     Central    East New Britain       East Sepik     Madang       Milne Bay           Morobe             New Ireland        Oro    West New Britain   West Sepik     Western
                                                                                                                       Province


                                                                                                                Volume (m3)                FOB (Kina)

Page 5 screenshot
                                                                                                       Log Volume Exported by Grade for 2023
                        1,800,000                         1,619,193
                        1,600,000
                        1,400,000
                        1,200,000
          Volume (m3)




Graph 3                 1,000,000
                         800,000
                                                                                                           541,321
                         600,000
                         400,000
                         200,000                                                                                                                                   44,190                                          56,045

                               0
                                                         Saw Veneer                                       Low Grade                                              Plantation                                    Dispensation
                                                                                                                                   Grade




                                                                                            Log Volume Exported by Destination vs FOB - 2023
                        2,500,000                                                                                                                                                                                             700,000,000
                                    China, 596,574,806
                                                                                                                                                                                                                              600,000,000
                        2,000,000
Graph 4                              China, 2,025,352                                                                                                                                                                         500,000,000

                        1,500,000
          Volume (m3)




                                                                                                                                                                                                                              400,000,000




                                                                                                                                                                                                                                            FOB (Kina)
                                                                                                                                                                                                                              300,000,000
                        1,000,000

                                                                                                                                                                                                                              200,000,000
                         500,000
                                                                India, 40,635,269                                                                                                                                             100,000,000
                                                                                                                                                          South Korea, 16,257,659   Taiwan, 7,284,275   Vietnam, 17,528,458
                                                                                    Japan, 3,194,884        Malaysia, 583,715   Singapore, 537,420
                               0                                                                                                                                                                                              0
                                                                  India, 51,300                                                                             South Korea, 64,590      Taiwan, 28,176      Vietnam, 72,722
                                                                                     Japan, 11,925           Malaysia, 3,593     Singapore, 3,090
                                                                                                             Volume (m3)                            FOB (Kina)

Page 6 screenshot
                                                              Graph 6
                                                                                                                                                                                                Graph 5
                                             Volume (M3)                                                                                                                         Volume (m3)




                                          50,000
                                         100,000
                                         150,000
                                         200,000
                                         250,000
                                         300,000
                                         350,000
                                         400,000
                                         450,000
                                         500,000




                                               0
                                                                                                                                                        200,000
                                                                                                                                                                  400,000
                                                                                                                                                                            600,000
                                                                                                                                                                                      800,000




                                                                                                                                              0
                                                                                                                                                                                                1,000,000
                                                                                                                                                                                                            1,200,000
                                                                                                                                                                                                                        1,400,000
                                                                                                                                                                                                                                      1,600,000
                                                                                                                                                                                                                                                  1,800,000


                                    Aglaia
                  Amoora/Pacific Maple
                            Barringtonia
                        Black Mangrove
                           Brown Albizia
                          Brown Wattle
                                Burckella
                            Calophyllum




                                                  184,261
                                 Cananga
                                  Carallia




                                                                                                                                    Group 1
                                                                                                                                                                                                                              1,613,333




                   Cryptocarya/Medang
                                Drypetes
                                    Dysox
                                    Erima
                            Euodia Light
                               Flacourtia
                                  Garuga
                  Gmelina/White beech
                                Gordonia
                         Grey Canarium
                           Hard Alstonia
                                Hekakoro
                               Hernandia
                             Hopea Light
                                      Ilex
                               Kamarere
                                   Kapiak
                                                                                                                                              169,651
                                                                                                                                    Group 2




                         Kingiodendron
                                     Kwila
                                                            242,945

                              Light Celtis
                Lophopetallum/Perupok
                                  Malaha
                                  Mango
                                                167,237




                         Mangrove Red
                               Manilkara




Species
                         Maple Scented
                                                                                                                        Spp Group




                               Neuburgia
                      Oriomo Redwood
                                 Pangium
                           Paratocarpus
                       Pimeleodendron
                                                                                  Log Volume Exported by Spp for 2023




                        Pink Satinwood
                                                                                                                                                                                                                                                              Log Volume Exported by Spp Group for 2023




                              Planchonia
                          PNG Boxwood
                                                                                                                                                215,009

                                                                                                                                    Group 3




                       PNG Coachwood
                            PNG Kempas
                          PNG Mersawa
                       PNG Swamp Box
                            PNG Walnut
                                   Prunus
                          Red Canarium
                                 Red Oak
                              Red Wattle
                                Scaly Ash
                             Semicarpus
                           Silkwood Ash
                                Silky Oak
                                Spondias
                                     Taun
                                                                        465,457




                                     Teak
                              Tetrameles
                                                                                                                                                   262,756

                                                                                                                                    Group 4




                              Tristiropsis
                          Vatica (Resak)
                             Water Gum
                           White Albizia
          White Cheesewood/Milky pine
                     White Planchonella
                        White Tulip Oak
                      Yellow Hardwood

Page 7 screenshot
                                            Log Volume Exported by Parent Company for 2023
                        200,000

                                  178,631
                        180,000                                                                        172,980
Graph 7
                        160,000                                                              150,077

                                                          136,753
                        140,000
                                                                                                                 126,569

                        120,000
          Volume (m3)




                        100,000


                         80,000


                         60,000


                         40,000


                         20,000


                             0




                                                                    Parent Company

Page 8 screenshot
                                                                                                                              Graph 8
                                                                                          Volume (m3)




                                                                                                   100,000


                                                                                                                        120,000


                                                                                                                                        140,000


                                                                                                                                                  160,000


                                                                                                                                                               180,000
                                                               20,000


                                                                        40,000


                                                                                 60,000


                                                                                          80,000
                                                           0
                              Agulu Reserve (FCA 14-04)
              Aitape Lumi Consolidated FMA (61003)
            Aliai-Sisimi-Hargy Consolidated TP 11438
                      Amanab Blocks 1-4 FMA (61001)
                    Amanab Blocks 5 & 6 FMA (61002)
                              Andru Johana (LFA 21410)
                     Angoram Intergrated (FCA 71104)
                      Ania Integrated Agri (FCA 71517)




                                                                                                     93,496
                   Ania Kapiura Consolidated (11452)
                   Ania Kapuira Forest Pltn (TP 11403)
                Asengseng Consolidated FMA (61401)
                               Awio Amgen LFA (21409)
                              Bergberg Extn TRP (11512)
                           Bonua Magarida TRP (10328)
                             Brown River/Kuriva (10337)
                           Buhem Mongi Busiga (11338)
                                 Cape Offord (TP 11548)
                          Central New Ireland LFA 16-01
                                Cloudy Bay (FMA 60301)
                DANFU Block 12,13,14,15&18 (11640)
                            Danfu Extension TRP (16-44)
                                 East Awin (FMA 60101)
                              East Ferguson TRP (10404)
                           Gara Modewa TRP (TP 10406)




                                                                                                                                                                         Log Volume Exported by Projects for 2023
          Gweing Wagasu Agro-Forestry (FCA 71010)
            Idam Siawi Agro-Forest Pro. (FCA 71009)
              Ifane Agro-Forest Project - (FCA 70503)
                      Illi Wawas/Masarau (FCA 71502)
                      Inland Pomio - Rabaul (TP 15-49)
                 Kamdaru-Siaman-Lamasa (TP 11635)
                 Konoagil Inter.Agri.Proj. (FCA 71603)
                                        Kumil TP (11222)
                  Kupiano - Marshall Lagoon (TP 3-36)
                              Lak TRP Project (TP 11643)
                                Lolo Block 2 (LFA 21403)
Project




                              Lote Kamlang - FCA 15-18)
                                                                                                              100,170




                         Lower Musa Agro, (FCA 70505)
                            Makapa Timber Area (TP1-9)
                       Mengen Integrated (FCA 71522)
                   Moile Integrated Agri. (FCA 10 -14)
                Morevona -Agro Forestry (FCA 71403)
           Morobe Coast TRP (TP 11335) Mopi Camp
                                 Mosa - Leim TP (11457)
                        Mussau TRP Project (TP 11641)
                                      Nutuve TP (11559)
            Open Bay Consolidated [Pltn] (TP 11501)
                                     Raicoast TP (11218)
                              Rainforest Hwy (TA 14-82)
             Rakona/Aimorao Road No.1 (TA 13-279)
                                                                                                                                                            168,532




              Rottock Bay Consolidated (FMA 61402)
                               Senbam Cons. (TP 11552)
                  Suikol Intergrated Agro (FCA 71513)
           Taraiwara(Ext) Agro Reforest.(FCA 71514)
                  Tegi Agriculture Timber - (TA 14-87)
                               Tokai Matong (TP 11545)
                     Ulamona consolidated TP (11443)
               Utnari Land Agro-Forestry (FCA 71521)
                      Vanimo Block 3,4 & 5 (TP 11011)
                     Vunapalading Teak Pln (TA 15-94)
          Wagana Wagasu Agro Forestry (FCA 71013)
            Wammy Inter. Agro Forestry (FCA71007)
                Wanigela Tree Plantation (FCA 70506)
                    Wari Intergrated Agri. (TA 10-130)
                           Wasu Cattle farm (FCA 13-03)
                     Wasu Rakona Road 2 (TA 13-280)
                     Wasu Rakona Road 3 (TA 13-281)
            Waterfall bay Extn CONS.TRP(TP 11555)
                                   Wawoi Guavi (10107)
                               West Gurney TRP(TP4-05)
                            Wewak/Turubu (FCA 71103)
           Woodlark Intergrated Project (FCA 70401)

Page 9 screenshot
                Log Volume Exported by Permit types for 2023
                          LFA        TA
                          5%         1%
                                                           FMA
Graph 9                                                    22%




          FCA
          38%




                                                                  TP
                                                                 34%




                         FMA    TP        FCA   LFA   TA

Page 10 screenshot
                       Table of Contents
                                Reports
                                                                       pages
                                                           3
1.    Log Exports Monthly Summary for 2023: Volumes (m ),
      FOB Values (USD and Kina) and Duty Payable (Kina)                 1-1

2.    Monthly Actual Shipped Volumes (m3) by Log Grades
      and Species/Groups                                          2-1 to 2-5

3.    Monthly Export Log Revenues (K’000) by Log Grades
      and Species/Groups                                          3-1 to 3-5

4.    Monthly Export Log Revenues (USD’000) by Log Grades
      and Species/Groups                                          4-1 to 4-6

5.    Monthly Average Actual Export Prices (Kina) by Log
      Grades and Species/Groups                                   5-1 to 5-5

6.    Monthly Average Actual Export Prices (USD) by Log
      Grades and Species/Groups                                   6-1 to 6-6

7.    Mean Monthly Endorsed Prices (USD) by Log Grades
      and Species/Groups                                          7-1 to 7-6

8.    Monthly Endorsed Volumes (m3) by Log Grades and
      Species/Groups                                              8-1 to 8-5

9.    Monthly Actual Shipped Volumes (m3) by Log Grade
      and Destination                                             9-1 to 9-4

10.   Monthly Average Actual Export Prices (USD) by Log
      Grade and Destination                                     10-1 to 10-4

11.   Monthly Actual Shipped Volumes (m3) by Export
      Company and Project                                      11-1 to 11-10

12.   Log Exports by Project Site (Volume and Value) for
      December - 2023, and Year to Date                        12-1 to 12-13

13.   Log Exports (Volume and Kina Value) by Province for
      December – 2023, and Previous Periods                            13-1

Page 11 screenshot
14.   Log Export Volumes and Prices by Destination, Grade
      and Group, for December - 2023                         14-1 to 14-4

15.   Log Export Volumes and Prices by Destination and
      Grade for Group 1 Species, for December - 2023        15-1 to 15-3

16.   Monthly Discrepancy Report for December – 2023        16-1 to 16-3

17.   Shipment Duty Calculation Comparison Summary
      for December – 2023                                   17-1 to 17-7

18.   Revenue, Banking, Document and Shipment Details
      for Log Exports by Exporting Company, Project Site
      and Shipment for December – 2023                      18-1 to 18-8

19.   Substantial Log Export Permit Discrepancies in Log
      Volumes Loaded for Export for December - 2023         19-1 to 19-9

20.   Monthly Document Delays for December - 2023           20-1 to 20-5

21.   Log Export Average Prices by Log Grades, Groups
      and Species and by Log Exporter Parent Companies,
      for December – 2023                                   21-1 to 21-10

22.   Annual Project Quotas and Log Exports, Year to
      Date: December- 2023                                  22-1 to 22-4

23.   General Conditions of Service                                 23-1

Page 12 screenshot
                             Log Export Statistics
                                                and
                       Export Monitoring
                           Highlights
                                December 2023
1.   This Report is a post facto summary of log export shipment inspections and log exports for the month
     of December 2023. Individual Log Inspection Reports (LIRs) have been prepared for each shipment
     immediately following the completion of loading. The LIR is forwarded directly to the PNGFA Project
     Supervisor if on site, and to the nominated Boarding Officer for clearance of the vessel. Data in this
     report are based on the LIRs, and post-shipment/commercial documents submitted by exporting
     companies, for Log Export Permits issued by the Papua New Guinea Forest Authority (PNGFA).

2.   Log exports for the month of December 2023 amounted to 211,110 m3 in 58 shipments. (See,
     Report No. 1). Foreign exchange earnings were equivalent to USD17.87 million, with a local
     currency value of K64.97 million.

3.   Log volumes endorsed in December 2023 for export amounted to a total of 193,495
     m3, this volume decreased by 16.2 per cent compared to the previous month. (See
     Report Number 8).

4.   Log export duty collectable by the PNG Customs Services total K30.75 million for the month, with an
     additional K1.57 million payable as export levy (see Report No. 1).

5.   The monthly weighted average f.o.b. invoiced price for all saw/veneer rainforest logs was
     USD93.40/m3 (November 2023: USD79.68/m3), and for all logs was USD84.65/m3 (see Report No. 6).
     Average prices for the high value species which includes taun, pencil cedar, calophyllum, kwila and
     PNG mersawa remained generally steady for this month.

6.   Rainforest round logs were exported to three countries in December 2023, predominantly to
     China again (95.0) per cent of the monthly total volume, followed by South Korea at (3.4) per
     cent and Vietnam at (1.6) per cent. (See Report No. 9).

7.   During December 2023, Pacific Region Development Ltd was the major exporter with (16.8) per cent
     of the monthly total volume export followed by Vanimo Jaya Ltd at (8.9) per cent and Musa Century
     Ltd at (7.6) per cent (See report No. 11 and Report No. 12 for more).

8.   Logs were exported from nine provinces during December 2023, where East New Britain Province was
     the major exporter with (24.5) per cent of the monthly total, followed by West New Britain (14.8) per
     cent and West Sepik Province at (14.5) per cent. (See Report No. 13).

9.   SGS PNG Inspectors reported major discrepancies for 7 shipments of logs inspected during
     December 2023. These discrepancies included 93 logs not declared for export which were
     loaded onto vessels, and 26 logs for which the species had been mis-declared. (See Report
     No. 16, page 16-3)




                                  Executive Summary Page 1 of 2

Page 13 screenshot
Full details of each discrepancy for each shipment are recorded at site on a ‘Notice of Discrepancy’ which is
countersigned by the Exporter, with a copy to the PNGFA’s Project Supervisor at the time of pre-shipment
checking or at loading. A copy of the final ‘Log Inspection Report’ which includes all Notices of Discrepancy
is made available to the PNGFA Boarding Officer at the time of clearance of each vessel for sailing.

Also, in accordance with the well-established log inspection practices, for all logs with a mis-declared species
code, the Exporters are required to endorse the ‘Notice of Discrepancy;’ withdraw the log or correct the species
code on their log tallies and summaries; and ensure that these changes are incorporated into their invoice
documentation. Similarly, for all loaded logs that SGS PNG inspectors detect as being ‘undeclared for export,’
the Exporters are required to sign a Notice of Discrepancy; make a supplementary declaration of these logs; add
the log volumes to their log tallies and summaries; and incorporate the additional volumes into the
documentation relating to Bills of Lading, Invoices and Customs Entries for the collection of export duties and
levies. By immediately correcting the errors as they are detected by SGS inspectors, the State maximizes its
returns from log exports.

10.     Updated information on log export quota periods has not yet been made available for the
        various log export projects, and hence the monitoring of export quotas is not presently
        practicable (see Report Number 22).

11.     In December 2023, Pacific Region Development Ltd was the major exporter of low-
        grade logs with (24.0) per cent of the monthly total, shipped at an average FOB of
        USD50.00, followed by Summit Agriculture Ltd with (20.7) per cent and Rimbuna
        Hijau (PNG) Ltd group of companies (10.7) per cent. Ninety eight percent of these
        low-grade natural logs were exported to China. (See report 9 & 21)

12.     There were substantial log export permit discrepancies in log volumes loaded for
        export this month by various exporters where some discrepancies were over 400 per
        cent. This includes over loading of malas by 2887 per cent by Pacific Region
        Development Ltd under PNGFA export permit number 2311059. (See report 19).

13.     This month, various exporters under paid duties including, Kulawood Ltd by K5,841.00 for a shipment
        under PNGFA export permit number 2311104. Similarly, Lucky 99 (PNG) Ltd and Oro Wood Industry
        Ltd under paid duty by K3,625.00 and K2,075.00 under PNGFA export permit numbers 2311124 and
        2311056 respectively. These differences were a result of the use of incorrect tax rate. (See report 17 for
        more)

14.     Open Bay Timber Ltd and Oro Wood Industry Ltd have differences in the FOB value
        for exports under PNGFA export numbers 2311036 and 2311056 by K4,078.00 and
        K3,533.00 respectively. These differences were a result of the use of lower FOB
        prices instead of the higher approved price by PNGFA. (See report 17 for more).




                                      Executive Summary Page 2 of 2

Page 14 screenshot
    Log Exports Monthly Summary for 2023:
  Volumes (m3), FOB Values (USD and Kina) and
              Duty Payable (Kina)
Report printed: 29/01/2024 9:47:17 AM




                                 Volume         Value           Value       Duty (K)           Levy (K)
Month
                                    (m3)      FOB (USD)        FOB (K)       Payable            Payable

January                            210,020     21,550,536    73,929,796    41,881,224           1,680,162

February                           166,016     16,528,882    56,940,109    31,024,513           1,326,376

March                             225,544      19,072,513    65,436,792    34,089,159           1,782,500

April                             142,572      12,170,810    41,760,302    22,170,029           1,140,579

May                               166,165      14,238,914    48,949,891    24,828,288           1,286,948

June                               204,061     16,263,440    56,303,559    27,107,089           1,576,305

July                               185,749     14,674,769    51,120,346    25,828,592           1,482,980

August                             164,727     14,547,408    50,883,983    25,451,478           1,258,650

September                          202,572     20,106,465    70,854,716    38,736,186           1,618,122

October                           148,405      11,496,760    41,327,520    19,365,479           1,137,070

November                          233,809      16,601,846    60,119,263    28,323,016           1,867,840

December                           211,110     17,871,323    64,970,861    30,749,160           1,574,969


Year to Date                  2,260,752       195,123,666   682,597,136   349,554,210          17,732,500




Report Number 1:          Page 1 of 1 pages                                             1- 1

Page 15 screenshot
    Monthly Actual Shipped Volumes (m3) by Log Grades
                    and Species/Groups

Log Grade:               Super Small - Dispensation
                                                                            Month                                            12-month
Species / Group
                          12/23        11/23   10/23      9/23    8/23   7/23    6/23     5/23   4/23   3/23   2/23   1/23      total

Kwila                     1,874                           2,672                                         794                      5,340

Field98:
Group 1 Species Total     1,874                           2,672                                         794                         5,340

Grade Total (m3)          1,874                           2,672                                         794                     5,340



Log Grade:               Small - Dispensation
                                                                            Month                                            12-month
Species / Group
                          12/23        11/23   10/23      9/23    8/23   7/23    6/23     5/23   4/23   3/23   2/23   1/23      total

Kwila                     2,311                           2,966                                         492                      5,769

Field98:
Group 1 Species Total     2,311                           2,966                                         492                         5,769

Grade Total (m3)          2,311                           2,966                                         492                     5,769




Report Number 2:   Page 1 of 5 pages      Date Printed:           29/01/2024 9:48:50 AM                                      2- 1

Page 16 screenshot
Report - Monthly Actual Shipped Volumes (m3) by Log Grades and Species/Groups           continued



Log Grade:                  Saw/Veneer
                                                                                    Month                                                        12-month
Species / Group
                             12/23        11/23    10/23       9/23     8/23     7/23      6/23       5/23     4/23     3/23    2/23     1/23       total

Burckella                    1,745     2,051       2,548       838      873     2,483     2,840      1,408    1,958    4,272     841     2,818      24,676
Calophyllum                  4,545   11,560        7,337     14,024    5,268    7,844     5,667      9,049   14,047   10,715   14,229   18,290     122,577
Dillenia                     4,433     6,665       4,584      2,694    3,734    7,777     5,402      7,128    5,187    7,812    2,534    5,958      63,909
Erima                        1,992     3,206       3,065      3,051    2,661    6,696     2,521      2,442    3,789    2,722    3,239    4,545      39,929
Grey Canarium                1,090     2,314        254       1,162     445      691        708       747      403     1,007     682      857       10,359
Hekakoro                         3           3       11                             5        13          2                 3                              40
Kwila                       17,616     5,339       9,157     18,465   15,986    7,412    10,812     15,552    7,133   11,318   25,716   26,420     170,924
Lophopetallum/Perupok        1,170         259      126        694      582      215        346       161      289      502      135       94        4,573
Malas                        4,739     7,879       9,446      7,271    6,014   13,869     7,377     14,377   19,836   18,554    1,203   12,312     122,877
Pencil Cedar                 5,656     8,899       2,371      6,359    3,285    4,375     4,073      5,269    5,889    5,820    4,013    6,347      62,354
PNG Mersawa                  6,355     8,231        213       7,583    8,256    5,379     5,368      2,219        7    1,388    6,966    5,163      57,128
PNG Walnut                   1,845     2,575       2,593      1,457    1,554    3,951     2,657      1,496     609     1,854    2,939    1,282      24,812
Red Canarium                 5,260     5,339       1,797      2,792    2,362    4,893     3,751      3,726    2,060    7,598    2,585    7,234      49,397
Red Planchonella               411         444       19        253      117      263        278       129       34      202      203      159        2,511
Taun                        19,108   29,473       21,532     24,970   11,829   28,296    29,690     21,158   30,628   32,377   30,065   29,596     308,723
Terminalia                   6,332     6,219       2,728      5,861    4,221    5,891     4,630      4,936    4,547   13,598    3,251   14,811      77,023
White Planchonella             466         314      207        331      135      118        897       356      359      990      194      243        4,609

Field98:
Group 1 Species Total       82,764 100,769        67,990     97,807   67,320 100,158     87,030     90,153   96,775 120,732    98,795 136,128    1,146,421
Field98:
Group 2 Species Total        8,163   12,298        2,138      8,906   10,947    9,369     9,112     12,845    5,330    9,038    1,880    4,186      94,211
Field98:
Group 3 Species Total       19,534   20,048       11,724     12,285    8,195   13,983    21,339     11,067   11,727   18,263    8,699   10,740     167,605

Field98:
Group 4 Species Total       23,386   28,924        9,636     21,013   10,297   19,576    21,684     14,230   11,538   23,879   10,576   16,219     210,959


Grade Total (m3)           133,848 162,039        91,487 140,011      96,759 143,086 139,166 128,296 125,371 171,911 119,949 167,273             1,619,196



Log Grade:                  Regular - Dispensation
                                                                                    Month                                                        12-month
Species / Group
                             12/23        11/23    10/23       9/23     8/23     7/23      6/23       5/23     4/23     3/23    2/23     1/23       total

Kwila                        3,165                            2,016                                                     802                          5,983

Field98:
Group 1 Species Total        3,165                            2,016                                                     802                             5,983

Grade Total (m3)             3,165                            2,016                                                     802                         5,983



Log Grade:                  Plantation diam under sap 60+ cm: regular
                                                                                    Month                                                        12-month
Species / Group
                             12/23        11/23    10/23       9/23     8/23     7/23      6/23       5/23     4/23     3/23    2/23     1/23       total

Group 2 Species                                      42
Field98:
Group 2 Species Total                                42                                                                                                   42

Grade Total (m3)                                     42                                                                                                   42



Log Grade:                  Plantation diam 60+ cm: regular
                                                                                    Month                                                        12-month
Species / Group
                             12/23        11/23    10/23       9/23     8/23     7/23      6/23       5/23     4/23     3/23    2/23     1/23       total

Group 2 Species                 99                                               294           5         6              645                          1,049

Field98:
Group 2 Species Total           99                                               294           5         6              645                             1,049

Grade Total (m3)                99                                               294           5         6              645                         1,049


Report Number 2:      Page 2 of 5 pages      Date Printed:              29/01/2024 9:49:01 AM                                                    2- 2

Page 17 screenshot
Report - Monthly Actual Shipped Volumes (m3) by Log Grades and Species/Groups          continued



Log Grade:                     Plantation diam 50 - 59 cm: small
                                                                                   Month                                                12-month
Species / Group
                               12/23        11/23   10/23      9/23   8/23      7/23      6/23     5/23    4/23   3/23    2/23   1/23      total

Group 2 Species                1,143                  105              211       58           5      53            251                      1,825

Field98:
Group 2 Species Total          1,143                  105              211       58           5      53            251                         1,825

Grade Total (m3)               1,143                  105              211       58           5      53            251                     1,825



Log Grade:                     Plantation diam 40 - 49 cm: super small
                                                                                   Month                                                12-month
Species / Group
                               12/23        11/23   10/23      9/23   8/23      7/23      6/23     5/23    4/23   3/23    2/23   1/23      total

Teak (d) super small (plnt                                                                            2                                           2
Group 2 Species                4,561                1,020             1,277      24        763      240            428                      8,313

Field98:
Group 1 Species Total                                                                                 2                                           2
Field98:
Group 2 Species Total          4,561                1,020             1,277      24        763      240            428                         8,313


Grade Total (m3)               4,561                1,020             1,277      24        763      242            428                     8,315



Log Grade:                     Plantation diam 30 - 39 cm: baby small
                                                                                   Month                                                12-month
Species / Group
                               12/23        11/23   10/23      9/23   8/23      7/23      6/23     5/23    4/23   3/23    2/23   1/23      total

Teak (c) baby smal (plntn                                                                           165             75                          240
Group 2 Species                5,876                3,034             3,204              3,141     1,390                                   16,645

Field98:
Group 1 Species Total                                                                               165             75                          240
Field98:
Group 2 Species Total          5,876                3,034             3,204              3,141     1,390                                   16,645


Grade Total (m3)               5,876                3,034             3,204              3,141     1,556            75                    16,884



Log Grade:                     Plantation diam 20 - 29 cm: tiny small
                                                                                   Month                                                12-month
Species / Group
                               12/23        11/23   10/23      9/23   8/23      7/23      6/23     5/23    4/23   3/23    2/23   1/23      total

Teak (b) tiny small (plntn)      164         161               161     222                 120      997           1,253   134               3,213
Group 2 Species                2,177                1,982             2,087              2,896     2,261                                   11,403

Field98:
Group 1 Species Total            164         161               161     222                 120      997           1,253   134                  3,213
Field98:
Group 2 Species Total          2,177                1,982             2,087              2,896     2,261                                   11,403


Grade Total (m3)               2,341         161    1,982      161    2,310              3,016     3,259          1,253   134             14,617



Log Grade:                     Plantation diam 00 - 19 cm: little small
                                                                                   Month                                                12-month
Species / Group
                               12/23        11/23   10/23      9/23   8/23      7/23      6/23     5/23    4/23   3/23    2/23   1/23      total

Teak (a) little small (plntn     119         168               146      98                  83        3             80      85                  782
Group 2 Species                  101                   90              297                  11      178
Field98:
Group 1 Species Total            119         168               146      98                  83        3             80      85                  782
Field98:
Group 2 Species Total            101                   90              297                  11      178                                         677


Grade Total (m3)                 219         168       90      146     395                  94      182             80      85             1,458



Report Number 2:        Page 3 of 5 pages      Date Printed:           29/01/2024 9:49:13 AM                                            2- 3

Page 18 screenshot
Report - Monthly Actual Shipped Volumes (m3) by Log Grades and Species/Groups           continued



Log Grade:                  Low Grade
                                                                                    Month                                                        12-month
Species / Group
                             12/23        11/23    10/23       9/23     8/23     7/23      6/23       5/23     4/23     3/23    2/23      1/23      total

Burckella                      753         713     1,562       347      291      566      1,497       536       85      430      482      217        7,479
Calophyllum                  4,271     6,251       5,084      4,460    6,042    3,400     6,800      3,201    1,313    5,204    8,251    7,408      61,684
Dillenia                       694         452     2,457       219     1,303    1,185     2,434       686     1,249     628     1,002     812       13,120
Erima                          925     1,956       1,028       553      644     1,420       662       363       39      274      857      114        8,835
Grey Canarium                  268         357      218        110      240       93        199        78         8     131      186      164        2,051
Hekakoro                                              5                    6        2                    2                                                15
Kwila                           35         627       14         10      218      323      3,929          3    1,023    1,535    1,425    6,836      15,976
Lophopetallum/Perupok           96          17       63         39      259       81         38        57       33       73       28        46           831
Malas                        3,934     4,158       6,448      1,909    3,306    1,735     7,665      4,724    4,045    1,401    1,941    3,095      44,361
Pencil Cedar                 1,659     3,465       1,156      3,133    2,274    1,547     1,972       742      619     1,033    1,383     781       19,763
PNG Mersawa                  2,670     5,529         91        324     5,782    2,791       886                          19     6,975    3,715      28,783
PNG Walnut                   1,882         605      659        505     1,741    1,393       573      1,470     276     1,122     530      296       11,053
Red Canarium                 1,540     2,016        931        591      898     1,121     1,316      1,184     358      954      878      514       12,301
Red Planchonella               112          76       15         36      158       39         37        38       15       44       38        41           650
Taun                        16,480   19,893       22,816     11,083    9,321   11,591    19,370     10,793    2,597    6,626   13,323   12,841     156,734
Terminalia                   2,853     3,730       1,000      1,368    2,202    1,886     1,686      2,065     304     1,627    1,177    1,391      21,289
White Planchonella             347         221       64        104      201      113        118        50       29      346       54        59       1,706

Field98:
Group 1 Species Total       38,518   50,066       43,612     24,789   34,886   29,286    49,180     25,992   11,991   21,447   38,530   38,332     406,629
Field98:
Group 2 Species Total        4,073     5,738       1,659      3,214    2,863    2,000     2,650      1,162     409     8,392    1,229    2,098      35,487
Field98:
Group 3 Species Total        6,469     9,073       2,566      2,777    5,604    3,289     2,297      2,574    1,811    6,673    3,206    1,064      47,404

Field98:
Group 4 Species Total        6,614     6,564       2,809      2,743    8,213    4,219     3,745      2,845    1,891    8,022    2,883    1,252      51,800


Grade Total (m3)            55,674   71,441       50,647     33,523   51,567   38,793    57,872     32,573   16,102   44,535   45,848   42,747    541,321



Log Grade:                  Dispensation (Diameter 80 cm +)
                                                                                    Month                                                        12-month
Species / Group
                             12/23        11/23    10/23       9/23     8/23     7/23      6/23       5/23     4/23     3/23    2/23      1/23      total

Kwila                                                        10,635    3,604    2,200                          564      624                         17,627

Field98:
Group 1 Species Total                                        10,635    3,604    2,200                          564      624                         17,627

Grade Total (m3)                                             10,635    3,604    2,200                          564      624                        17,627



Log Grade:                  Dispensation (Diameter 60 -79 cm)
                                                                                    Month                                                        12-month
Species / Group
                             12/23        11/23    10/23       9/23     8/23     7/23      6/23       5/23     4/23     3/23    2/23      1/23      total

Kwila                                                         6,432    3,904     947                           405     1,452                        13,141

Field98:
Group 1 Species Total                                         6,432    3,904     947                           405     1,452                        13,141

Grade Total (m3)                                              6,432    3,904     947                           405     1,452                       13,141



Log Grade:                  Dispensation (Diameter 40 -59 cm)
                                                                                    Month                                                        12-month
Species / Group
                             12/23        11/23    10/23       9/23     8/23     7/23      6/23       5/23     4/23     3/23    2/23      1/23      total

Kwila                                                         4,010    1,497     346                           130     2,202                         8,185

Field98:
Group 1 Species Total                                         4,010    1,497     346                           130     2,202                            8,185

Grade Total (m3)                                              4,010    1,497     346                           130     2,202                        8,185


Report Number 2:      Page 4 of 5 pages      Date Printed:              29/01/2024 9:49:20 AM                                                    2- 4

Page 19 screenshot
Report - Monthly Actual Shipped Volumes (m3) by Log Grades and Species/Groups             continued



Product                         All logs
                                                                                      Month                                                        12-month
Species / Group
                                 12/23      11/23    10/23       9/23     8/23     7/23      6/23       5/23     4/23     3/23    2/23     1/23       total

Burckella                        2,497    2,764      4,111      1,185    1,165    3,049     4,337      1,944    2,043    4,702    1,323    3,036      32,155
Calophyllum                      8,817   17,811     12,421     18,484   11,309   11,244    12,467     12,250   15,360   15,919   22,480   25,698     184,261
Dillenia                         5,127    7,117      7,041      2,914    5,037    8,962     7,836      7,814    6,436    8,440    3,536    6,770      77,029
Erima                            2,917    5,162      4,094      3,604    3,304    8,116     3,183      2,805    3,827    2,996    4,096    4,659      48,764
Grey Canarium                    1,358    2,671       472       1,272     685      784        906       825      411     1,137     867     1,021      12,410
Hekakoro                            3          3       16                    6        7        13          4                 3                             55
Kwila                           25,000    5,966      9,171     47,206   25,208   11,227    14,740     15,554    9,255   19,219   27,141   33,256     242,945
Lophopetallum/Perupok            1,266       276      190        733      842      296        383       217      322      575      163      140        5,404
Malas                            8,673   12,037     15,894      9,181    9,320   15,604    15,042     19,101   23,881   19,955    3,143   15,407     167,237
Pencil Cedar                     7,314   12,364      3,526      9,492    5,559    5,923     6,044      6,010    6,508    6,853    5,396    7,128      82,117
PNG Mersawa                      9,025   13,760       304       7,907   14,038    8,170     6,254      2,219        7    1,407   13,941    8,879      85,910
PNG Walnut                       3,727    3,180      3,251      1,962    3,295    5,345     3,230      2,966     886     2,976    3,469    1,578      35,865
Red Canarium                     6,800    7,355      2,728      3,383    3,260    6,014     5,067      4,910    2,418    8,552    3,464    7,748      61,698
Red Planchonella                  523        521       34        289      275      302        316       167       48      247      241      200        3,161
Taun                            35,588   49,365     44,349     36,053   21,150   39,888    49,060     31,951   33,225   39,003   43,389   42,436     465,457
Teak (a) little small (plntn      119        168                 146       98                  83          3               80       85                    782
)
Teak (b) tiny small (plntn)       164        161                 161      222                 120       997              1,253     134                 3,213
Teak (c) baby smal (plntn                                                                               165                75                             240
)
Teak (d) super small (plnt                                                                                 2                                                2
n)
Terminalia                       9,184    9,949      3,728      7,229    6,423    7,776     6,316      7,001    4,850   15,225    4,428   16,202      98,312
White Planchonella                813        535      272        434      335      231      1,015       406      388     1,336     248      302        6,315

Field98:
Group 1 Species Total          128,914 151,165 111,601 151,634 111,531 132,937 136,414 117,313 109,866 149,953 137,544 174,460                     1,613,333
Field98:
Group 2 Species Total           26,193   18,036     10,068     12,120   20,887   11,745    18,582     18,135    5,739   18,754    3,109    6,284     169,651
Field98:
Group 3 Species Total           26,004   29,121     14,290     15,062   13,799   17,272    23,637     13,641   13,538   24,936   11,905   11,804     215,009

Field98:
Group 4 Species Total           30,000   35,488     12,445     23,757   18,511   23,795    25,429     17,075   13,429   31,901   13,458   17,471     262,760


Grand Totals (m3)              211,110 233,809 148,405 202,572 164,727 185,749 204,061 166,165 142,572 225,544 166,016 210,020                     2,260,752




Report Number 2:        Page 5 of 5 pages      Date Printed:              29/01/2024 9:54:05 AM                                                    2- 5

Page 20 screenshot
        Monthly Export Log Revenues (K'000) by Log Grades
                        and Species/Groups
Log Grade:                    Super Small - Dispensation
                                                                                      Month                                                     12-month
Species / Group
                               12/23        11/23   10/23       9/23     8/23     7/23     6/23     5/23     4/23     3/23     2/23     1/23       total

Kwila                             883                           1,602                                                   354                            2,839

Field98:
Group 1 Species Total            883                            1,602                                                   354                            2,839

Grade Total (K'000)              883                            1,602                                                  354                          2,839

Log Grade:                    Small - Dispensation
                                                                                      Month                                                     12-month
Species / Group
                               12/23        11/23   10/23       9/23     8/23     7/23     6/23     5/23     4/23     3/23     2/23     1/23       total

Kwila                            1,423                          1,360                                                   287                            3,070

Field98:
Group 1 Species Total           1,423                           1,360                                                   287                            3,070

Grade Total (K'000)            1,423                            1,360                                                  287                          3,070

Log Grade:                    Saw/Veneer
                                                                                      Month                                                     12-month
Species / Group
                               12/23        11/23   10/23       9/23     8/23     7/23     6/23     5/23     4/23     3/23     2/23     1/23       total

Burckella                          473        556      687        221      242      654      763      369      504    1,159      238      777       6,642
Calophyllum                      1,519      3,905    2,388      4,455    1,695    2,592    1,860    2,849    4,422    3,453    4,543    6,205      39,887
Dillenia                         1,190      1,812    1,237        724    1,002    2,032    1,434    1,847    1,336    2,089      714    1,662      17,078
Erima                              551        874      836        810      698    1,752      674      632      981      717      862    1,247      10,634
Grey Canarium                      295        626       69        305      117      181      189      195      104      267      183      241       2,772
Hekakoro                             1          1        3                            1        3        0                 1                            11
Kwila                           14,733      4,615    7,608     15,037   13,067    6,160    8,719   12,359    5,859    9,170   21,565   22,935     141,827
Lophopetallum/Perupok              318         70       34        183      153       56       92       42       74      134       35       26       1,217
Malas                            1,282      2,137    2,545      1,919    1,575    3,626    1,944    3,779    5,104    5,052      317    3,518      32,799
Pencil Cedar                     1,854      2,937      781      2,009    1,065    1,429    1,292    1,675    1,831    1,887    1,306    2,136      20,203
PNG Mersawa                      1,868      2,341       58      2,203    2,168    1,481    1,469      584        2      371    1,990    1,417      15,952
PNG Walnut                         505        696      706        383      414    1,040      710      388      157      496      774      352       6,621
Red Canarium                     1,426      1,443      483        731      626    1,282      993      973      531    2,014      686    1,994      13,185
Red Planchonella                   111        120        5         66       31       70       75       34        9       59       54       44         677
Taun                             6,281      9,704    6,964      7,901    3,859    9,210    9,499    6,706    9,803   10,727    9,640    9,942     100,236
Terminalia                       1,724      1,687      743      1,546    1,113    1,540    1,231    1,289    1,178    3,606      868    4,062      20,588
White Planchonella                 127         86       58         87       35       31      243       93       92      264       52       66       1,234

Field98:
Group 1 Species Total          34,260    33,610     25,207     38,580   27,860   33,139   31,191   33,815   31,989   41,464   43,827   56,623     431,564

Field98:
Group 2 Species Total           1,944       2,934      503      2,062    2,514    2,139    2,047    2,870    1,172    2,083      434    1,002      21,705

Field98:
Group 3 Species Total           4,349       4,380    2,532      2,583    1,767    2,941    4,514    2,318    2,430    4,017    1,868    2,383      36,083

Field98:
Group 4 Species Total           4,716       5,809    1,926      4,142    2,021    3,835    4,154    2,734    2,197    4,778    2,094    3,310      41,717

Grade Total (K'000)           45,269     46,735     30,167     47,368   34,162   42,054   41,905   41,736   37,789   52,342   48,224   63,319     531,069




Report Number 3:        Page 1 of 5 pages      Date Printed:              29/01/2024 9:55:27 AM                                                 3- 1

Page 21 screenshot
Report - Monthly Export Log Revenues (K'000) by Log Grades and Species/Groups             continued


Log Grade:                         Regular - Dispensation
                                                                                      Month                                              12-month
Species / Group
                                    12/23        11/23   10/23      9/23    8/23   7/23       6/23    5/23   4/23   3/23   2/23   1/23      total

Kwila                                 2,267                         1,422                                            551                        4,240

Field98:
Group 1 Species Total                2,267                          1,422                                            551                        4,240

Grade Total (K'000)                 2,267                           1,422                                            551                    4,240

Log Grade:                         Plantation diam under sap 60+ cm: regular
                                                                                      Month                                              12-month
Species / Group
                                    12/23        11/23   10/23      9/23    8/23   7/23       6/23    5/23   4/23   3/23   2/23   1/23      total

Group 2 Species                                             13                                                                                    13

Field98:
Group 2 Species Total                                       13                                                                                     13

Grade Total (K'000)                                         13                                                                                    13

Log Grade:                         Plantation diam 60+ cm: regular
                                                                                      Month                                              12-month
Species / Group
                                    12/23        11/23   10/23      9/23    8/23   7/23       6/23    5/23   4/23   3/23   2/23   1/23      total

Group 2 Species                         49                                           82          3       3           199                         336

Field98:
Group 2 Species Total                  49                                            82          3       3           199                         336

Grade Total (K'000)                    49                                            82          3       3           199                         336

Log Grade:                         Plantation diam 50 - 59 cm: small
                                                                                      Month                                              12-month
Species / Group
                                    12/23        11/23   10/23      9/23    8/23   7/23       6/23    5/23   4/23   3/23   2/23   1/23      total

Group 2 Species                        531                  51                99     14          2      25            69                         790

Field98:
Group 2 Species Total                 531                   51                99     14          2      25            69                         790

Grade Total (K'000)                   531                   51                99     14          2      25            69                         790

Log Grade:                         Plantation diam 40 - 49 cm: super small
                                                                                      Month                                              12-month
Species / Group
                                    12/23        11/23   10/23      9/23    8/23   7/23       6/23    5/23   4/23   3/23   2/23   1/23      total

Teak (d) super small (plntn)                                                                             2                                          2
Group 2 Species                       1,765                371               486      5        303      92           103                        3,124

Field98:
Group 1 Species Total                                                                                    2                                          2

Field98:
Group 2 Species Total                1,765                 371               486      5        303      92           103                        3,124

Grade Total (K'000)                 1,765                  371               486      5        303      93           103                    3,126

Log Grade:                         Plantation diam 30 - 39 cm: baby small
                                                                                      Month                                              12-month
Species / Group
                                    12/23        11/23   10/23      9/23    8/23   7/23       6/23    5/23   4/23   3/23   2/23   1/23      total

Teak (c) baby smal (plntn)                                                                              95            41                          136
Group 2 Species                       1,711                898               939              1,031    412                                      4,991

Field98:
Group 1 Species Total                                                                                   95            41                         136

Field98:
Group 2 Species Total                1,711                 898               939              1,031    412                                      4,991

Grade Total (K'000)                 1,711                  898               939             1,031     507            41                    5,127




Report Number 3:             Page 2 of 5 pages      Date Printed:           29/01/2024 9:55:41 AM                                        3- 2

Page 22 screenshot
Report - Monthly Export Log Revenues (K'000) by Log Grades and Species/Groups                  continued


Log Grade:                            Plantation diam 20 - 29 cm: tiny small
                                                                                          Month                                                     12-month
Species / Group
                                       12/23        11/23   10/23      9/23    8/23    7/23        6/23    5/23    4/23    3/23    2/23     1/23       total

Teak (b) tiny small (plntn)               155        152                 148     203                109      440             654     120                   1,982
Group 2 Species                           480                 429                459                635      514                                           2,517

Field98:
Group 1 Species Total                    155         152                 148     203                109      440             654     120                   1,982

Field98:
Group 2 Species Total                    480                  429                459                635      514                                           2,517

Grade Total (K'000)                      635         152      429       148     662                 744     954             654     120                 4,499

Log Grade:                            Plantation diam 00 - 19 cm: little small
                                                                                          Month                                                     12-month
Species / Group
                                       12/23        11/23   10/23      9/23    8/23    7/23        6/23    5/23    4/23    3/23    2/23     1/23       total

Teak (a) little small (plntn)             113        159                 134      89                 75        3              72      76                    720
Group 2 Species                            11                   9                 32                  1       22                                             75

Field98:
Group 1 Species Total                    113         159                 134      89                 75        3              72      76                    720

Field98:
Group 2 Species Total                     11                    9                 32                  1       22                                              75

Grade Total (K'000)                      123         159        9       134     121                  76      25              72      76                     796

Log Grade:                            Low Grade
                                                                                          Month                                                     12-month
Species / Group
                                       12/23        11/23   10/23      9/23    8/23    7/23        6/23    5/23    4/23    3/23    2/23     1/23       total

Burckella                                 139         131      281        61      51      99         265      92      15      74      84       39       1,331
Calophyllum                               789       1,141      935       799   1,061     592       1,260     553     226     953   1,462    1,407      11,176
Dillenia                                  126          84      455        39     228     206         451     118     214     109     172      152       2,354
Erima                                     168         355      190       103     112     250         121      63       7      47     150       20       1,586
Grey Canarium                              49          66       42        21      42      17          36      13       1      23      33       28         371
Hekakoro                                                         1                 1       0                   0                                            3
Kwila                                        6        115        2         2      38      56       2,438       0     701   1,038     806    4,088       9,291
Lophopetallum/Perupok                       17          3       12         7      45      14           7      10       6      13       5        8         146
Malas                                      715        767    1,195       373     577     303       1,370     814     694     240     333      549       7,931
Pencil Cedar                               306        639      213       554     400     270         356     128     106     179     243      137       3,531
PNG Mersawa                                524      1,006       15        57   1,011     511         153                       3   1,196      637       5,114
PNG Walnut                                 342        110      123        95     304     243         102     252      47     193      91       51       1,955
Red Canarium                               281        368      175       107     158     196         238     204      62     167     151       90       2,195
Red Planchonella                            21         14        3         6      28       7           7       6       2       8       7        8         116
Taun                                     3,095      3,630    4,235     1,990   1,634   2,020       3,567   1,858     446   1,159   2,313    2,371      28,319
Terminalia                                 523        682      188       243     386     328         307     356      52     280     202      240       3,786
White Planchonella                          63         41       12        19      35      20          21       9       5      59       9       10         303

Field98:
Group 1 Species Total                   7,165       9,151    8,076     4,477   6,111   5,131     10,700    4,477   2,585   4,545   7,256    9,837      79,509

Field98:
Group 2 Species Total                    757        1,048     316        579     501     348        466      200      70   1,440     211      367          6,304

Field98:
Group 3 Species Total                   1,184       1,660     480        496     981     575        410      443     311   1,145     556      187          8,428

Field98:
Group 4 Species Total                   1,208       1,214     516        490   1,437     740        664      489     324   1,378     497      221          9,179

Grade Total (K'000)                   10,314     13,073     9,389      6,042   9,029   6,795     12,240    5,608   3,290   8,509   8,520   10,611     103,419

Log Grade:                            Dispensation (Diameter 80 cm +)
                                                                                          Month                                                     12-month
Species / Group
                                       12/23        11/23   10/23      9/23    8/23    7/23        6/23    5/23    4/23    3/23    2/23     1/23       total

Kwila                                                                  7,102   2,390   1,454                         387     428                       11,762

Field98:
Group 1 Species Total                                                  7,102   2,390   1,454                         387     428                       11,762

Grade Total (K'000)                                                    7,102   2,390   1,454                        387     428                        11,762




Report Number 3:                Page 3 of 5 pages      Date Printed:            29/01/2024 9:55:53 AM                                               3- 3

Page 23 screenshot
Report - Monthly Export Log Revenues (K'000) by Log Grades and Species/Groups          continued


Log Grade:                    Dispensation (Diameter 60 -79 cm)
                                                                                   Month                                              12-month
Species / Group
                               12/23        11/23   10/23      9/23    8/23     7/23       6/23    5/23   4/23   3/23   2/23   1/23      total

Kwila                                                          3,844   2,317     560                       236    847                        7,803

Field98:
Group 1 Species Total                                          3,844   2,317     560                       236    847                        7,803

Grade Total (K'000)                                            3,844   2,317     560                       236    847                    7,803

Log Grade:                    Dispensation (Diameter 40 -59 cm)
                                                                                   Month                                              12-month
Species / Group
                               12/23        11/23   10/23      9/23    8/23     7/23       6/23    5/23   4/23   3/23   2/23   1/23      total

Kwila                                                          1,832     679     156                        58    982                        3,708

Field98:
Group 1 Species Total                                          1,832     679     156                        58    982                        3,708

Grade Total (K'000)                                            1,832    679      156                        58    982                    3,708




Report Number 3:        Page 4 of 5 pages      Date Printed:            29/01/2024 9:55:55 AM                                         3- 4

Page 24 screenshot
Report - Monthly Export Log Revenues (K'000) by Log Grades and Species/Groups             continued



Log Grade:                     All logs
                                                                                      Month                                                        12-month
Species / Group
                                12/23       11/23    10/23       9/23     8/23     7/23        6/23     5/23     4/23     3/23    2/23     1/23       total

Burckella                        613         687      968        283      293      752        1,028     461      518     1,233     322      816           7,974

Calophyllum                     2,309    5,046       3,323      5,254    2,755    3,184       3,120    3,402    4,648    4,406    6,004    7,612      51,063

Dillenia                        1,316    1,895       1,692       763     1,230    2,238       1,886    1,965    1,550    2,198     886     1,814      19,432

Erima                            719     1,229       1,026       913      811     2,002         796     694      988      764     1,012    1,267      12,220

Grey Canarium                    344         692      111        326      159      197          226     209      106      290      216      269           3,144

Hekakoro                           1           1        4                    1        2           3        1                 1                              14

Kwila                          19,312    4,730       7,611     32,201   18,491    8,387     11,157    12,359    7,242   13,656   22,371   27,023     184,541

Lophopetallum/Perupok            335          73       46        190      198       71           99      52       80      147       40       34           1,363

Malas                           1,997    2,904       3,740      2,292    2,152    3,928       3,314    4,593    5,798    5,293     650     4,067      40,730

Pencil Cedar                    2,160    3,577        994       2,562    1,465    1,699       1,648    1,803    1,938    2,066    1,549    2,273      23,733

PNG Mersawa                     2,393    3,347         72       2,260    3,179    1,992       1,622     584         2     374     3,186    2,054      21,066

PNG Walnut                       847         806      829        479      718     1,283         812     640      205      688      865      403           8,575

Red Canarium                    1,707    1,811        659        838      784     1,478       1,231    1,177     593     2,182     837     2,085      15,380

Red Planchonella                 132         134        8         72       59       77           82      40       11       66       60       51            794

Taun                            9,376   13,334      11,200      9,892    5,493   11,230     13,066     8,563   10,249   11,886   11,953   12,313     128,555

Teak (a) little small (plntn     113         159                 134       89                    75        3               72       76                     720
)
Teak (b) tiny small (plntn)      155         152                 148      203                   109     440               654      120                    1,982

Teak (c) baby smal (plntn                                                                                95                41                              136
)
Teak (d) super small (plnt                                                                                 2                                                  2
n)
Terminalia                      2,247    2,369        931       1,789    1,499    1,868       1,537    1,645    1,230    3,885    1,070    4,302      24,374

White Planchonella               190         127       70        106       70       51          264     101       97      323       62       77           1,537


Field98:
Group 1 Species Total          46,266   43,073      33,283     60,502   39,648   40,440     42,074    38,831   35,255   50,225   51,279   66,460     547,336
Field98:
Group 2 Species Total           7,248    3,982       2,591      2,641    5,030    2,589       4,488    4,136    1,242    3,894     645     1,368      39,854

Field98:
Group 3 Species Total           5,534    6,041       3,012      3,079    2,748    3,516       4,924    2,761    2,741    5,162    2,424    2,570      44,511

Field98:
Group 4 Species Total           5,924    7,023       2,442      4,633    3,458    4,575       4,817    3,223    2,522    6,156    2,592    3,532      50,896


Grand Total (K'000)            64,971   60,119      41,328     70,855   50,884   51,120      56,304   48,950   41,760   65,437   56,940   73,930     682,597




Report Number 3:        Page 5 of 5 pages      Date Printed:              29/01/2024 9:56:23 AM                                                    3- 5

Page 25 screenshot
 Monthly Export Log Revenues (USD'000) by Log Grades
                  and Species/Groups

Log Grade:               Super Small - Dispensation
                                                                           Month                                            12-month
Species / Group
                          12/23        11/23   10/23      9/23   8/23   7/23    6/23     5/23   4/23   3/23   2/23   1/23      total

Kwila                       244                           454                                          103                         801

Field98:
Group 1 Species Total       244                           454                                          103                         801


Grade Total (USD'000)      244                            454                                          103                         801


Log Grade:               Small - Dispensation
                                                                           Month                                            12-month
Species / Group
                          12/23        11/23   10/23      9/23   8/23   7/23    6/23     5/23   4/23   3/23   2/23   1/23      total

Kwila                       393                           386                                           84                         862

Field98:
Group 1 Species Total       393                           386                                           84                         862


Grade Total (USD'000)      393                            386                                           84                         862




Report Number 4:   Page 1 of 6 pages      Date Printed:          29/01/2024 9:57:34 AM                                      4- 1

Page 26 screenshot
Report - Monthly Shipped Log Revenues (USD'000) by Log Grades and Species/Groups       continued



Log Grade:                  Saw/Veneer
                                                                                   Month                                                      12-month
Species / Group
                             12/23        11/23   10/23        9/23    8/23    7/23    6/23        5/23    4/23      3/23    2/23     1/23       total

Burckella                      131         154      191         63      69      188     220         107     147      338       69      226       1,902
Calophyllum                    423    1,078         662       1,260    484      744     536         829    1,289    1,007    1,302    1,809     11,422
Dillenia                       331         500      344        206     286      584     414         538     389      609      208      484       4,893
Erima                          152         241      233        229     200      502     195         184     286      209      251      363       3,044
Grey Canarium                   82         173       19         87      33       52        55        57      30       78       52       70           787
Hekakoro                         0           0        1                            0       1          0                 0                              3
Kwila                        4,065    1,277       2,118       4,282   3,737   1,769    2,524       3,601   1,708    2,673    6,286    6,686     40,726
Lophopetallum/Perupok           88          19        9         52      44       16        27        12      22       39       10        7           345
Malas                          355         590      708        545     451    1,040     560        1,097   1,488    1,473      92     1,026      9,426
Pencil Cedar                   511         811      217        570     304      410     373         488     534      550      376      623       5,767
PNG Mersawa                    516         647       16        626     619      425     425         170       1      108      576      413       4,540
PNG Walnut                     139         192      197        108     118      298     205         113      46      144      226      103       1,889
Red Canarium                   394         399      134        207     179      368     287         283     155      587      200      581       3,774
Red Planchonella                31          33        1         19        9      20        22        10       3       17       15       13           192
Taun                         1,733    2,681       1,939       2,238   1,103   2,644    2,743       1,951   2,857    3,127    2,805    2,898     28,719
Terminalia                     476         466      207        438     318      442     355         375     343     1,051     253     1,184      5,909
White Planchonella              35          24       16         25      10         9       70        27      27       77       15       19           354

Field98:
Group 1 Species Total        9,461    9,285       7,014      10,954   7,964   9,511    9,012       9,841   9,324   12,087   12,737   16,506    123,695
Field98:
Group 2 Species Total          538         810      140        586     720      614     591         834     342      607      126      292       6,201
Field98:
Group 3 Species Total        1,201    1,210         706        733     505      844    1,303        674     708     1,171     541      695      10,291

Field98:
Group 4 Species Total        1,301    1,605         535       1,174    578    1,101    1,200        795     640     1,393     606      965      11,893


Grade Total (USD'000) 12,501 12,911               8,395 13,447        9,767 12,071 12,106 12,144 11,014 15,258 14,010 18,457                  152,079


Log Grade:                  Regular - Dispensation
                                                                                   Month                                                      12-month
Species / Group
                             12/23        11/23   10/23        9/23    8/23    7/23    6/23        5/23    4/23      3/23    2/23     1/23       total

Kwila                          626                             403                                                   160                         1,189

Field98:
Group 1 Species Total          626                             403                                                   160                         1,189


Grade Total (USD'000)         626                              403                                                   160                        1,189


Log Grade:                  Plantation diam under sap 60+ cm: regular
                                                                                   Month                                                      12-month
Species / Group
                             12/23        11/23   10/23        9/23    8/23    7/23    6/23        5/23    4/23      3/23    2/23     1/23       total

Group 2 Species                                       4                                                                                                4

Field98:
Group 2 Species Total                                 4                                                                                                4


Grade Total (USD'000)                                 4                                                                                               4




Report Number 4:      Page 2 of 6 pages      Date Printed:              29/01/2024 9:57:45 AM                                                 4- 2

Page 27 screenshot
Report - Monthly Shipped Log Revenues (USD'000) by Log Grades and Species/Groups       continued



Log Grade:                    Plantation diam 60+ cm: regular
                                                                                   Month                                              12-month
Species / Group
                              12/23        11/23   10/23      9/23   8/23    7/23      6/23        5/23   4/23   3/23   2/23   1/23      total

Group 2 Species                  13                                            23           1         1           58                          96

Field98:
Group 2 Species Total            13                                            23           1         1           58                          96


Grade Total (USD'000)            13                                            23           1        1            58                          96


Log Grade:                    Plantation diam 50 - 59 cm: small
                                                                                   Month                                              12-month
Species / Group
                              12/23        11/23   10/23      9/23   8/23    7/23      6/23        5/23   4/23   3/23   2/23   1/23      total

Group 2 Species                 140                   14              28           4        1         7           20                         214

Field98:
Group 2 Species Total           140                   14              28           4        1         7           20                         214


Grade Total (USD'000)          140                    14              28           4        1        7            20                         214


Log Grade:                    Plantation diam 40 - 49 cm: super small
                                                                                   Month                                              12-month
Species / Group
                              12/23        11/23   10/23      9/23   8/23    7/23      6/23        5/23   4/23   3/23   2/23   1/23      total

Teak (d) super small (plnt                                                                            1                                        1
Group 2 Species                 465                  103             139           1       88       27            30                         853

Field98:
Group 1 Species Total                                                                                 1                                        1
Field98:
Group 2 Species Total           465                  103             139           1       88       27            30                         853


Grade Total (USD'000)          465                  103              139           1       88       27            30                         853


Log Grade:                    Plantation diam 30 - 39 cm: baby small
                                                                                   Month                                              12-month
Species / Group
                              12/23        11/23   10/23      9/23   8/23    7/23      6/23        5/23   4/23   3/23   2/23   1/23      total

Teak (c) baby smal (plntn                                                                           28            12                          40
Group 2 Species                 450                  249             269                298        120                                   1,386

Field98:
Group 1 Species Total                                                                               28            12                          40
Field98:
Group 2 Species Total           450                  249             269                298        120                                   1,386


Grade Total (USD'000)          450                  249              269               298         147            12                    1,426


Log Grade:                    Plantation diam 20 - 29 cm: tiny small
                                                                                   Month                                              12-month
Species / Group
                              12/23        11/23   10/23      9/23   8/23    7/23      6/23        5/23   4/23   3/23   2/23   1/23      total

Teak (b) tiny small (plntn)      41          40                40     56                   30      128           189      34                 558
Group 2 Species                 126                  119             132                184        149                                       710

Field98:
Group 1 Species Total            41          40                40     56                   30      128           189      34                 558
Field98:
Group 2 Species Total           126                  119             132                184        149                                       710


Grade Total (USD'000)          167           40     119        40    187               214         277           189     34             1,268




Report Number 4:       Page 3 of 6 pages      Date Printed:          29/01/2024 9:57:57 AM                                            4- 3

Page 28 screenshot
Report - Monthly Shipped Log Revenues (USD'000) by Log Grades and Species/Groups        continued



Log Grade:                     Plantation diam 00 - 19 cm: little small
                                                                                   Month                                                   12-month
Species / Group
                               12/23        11/23   10/23       9/23    8/23    7/23    6/23        5/23    4/23    3/23    2/23    1/23      total

Teak (a) little small (plntn      30          42                  36      24               21          1              20      21                  195
Group 2 Species                    3                    3                  9                0          6                                           21

Field98:
Group 1 Species Total             30          42                  36      24               21          1              20      21                  195
Field98:
Group 2 Species Total              3                    3                  9                0          6                                           21


Grade Total (USD'000)             32          42        3        36      34                21          7             20      21                   217


Log Grade:                     Low Grade
                                                                                   Month                                                   12-month
Species / Group
                               12/23        11/23   10/23       9/23    8/23    7/23    6/23        5/23    4/23    3/23    2/23    1/23      total

Burckella                         38          36       78         17      15      28       77         27       4      22      24      11          377
Calophyllum                      216         315      260        226     302     170     363         160     66      278     413     410      3,178
Dillenia                          35          23      126         11      65      59     130          34     62       32      50      44          673
Erima                             46          98       53         29      32      72       35         18       2      14      44       6          449
Grey Canarium                     14          18       12          6      12       5       11          4       0       7       9       8          105
Hekakoro                                                0                  0       0                   0                                            1
Kwila                              2          32        1          0      11      16     706           0    204      302     235   1,192      2,701
Lophopetallum/Perupok              5           1        3          2      13       4        2          3       2       4       1       2           42
Malas                            197         212      332        105     165      87     395         236    202       70      97     160      2,259
Pencil Cedar                      84         176       59        157     114      77     103          37     31       52      69      40          999
PNG Mersawa                      145         278        4         16     289     147       44                          1     349     186      1,458
PNG Walnut                        94          30       34         27      87      70       30         74     14       56      26      15          557
Red Canarium                      77         101       49         30      45      56       69         59     18       49      44      26          624
Red Planchonella                   6           4        1          2       8       2        2          2       1       2       2       2           33
Taun                             852    1,002       1,180        562     467     580    1,030        540    130      338     674     691      8,045
Terminalia                       144         188       52         69     110      94       89        103     15       82      59      70      1,075
White Planchonella                17          11        3          5      10       6        6          3       1      17       3       3           86

Field98:
Group 1 Species Total          1,971    2,526       2,247      1,266   1,746   1,473    3,090       1,300   753    1,325   2,099   2,867     22,662
Field98:
Group 2 Species Total            209         289       88        161     143     100     135          58     20      420      61     107      1,792
Field98:
Group 3 Species Total            327         458      133        139     281     165     119         129     91      334     160      54      2,390

Field98:
Group 4 Species Total            333         335      143        138     411     213     192         142     95      402     144      65      2,612


Grade Total (USD'000) 2,841             3,608       2,611      1,704   2,580   1,951   3,535     1,629      958    2,480   2,464   3,093    29,455


Log Grade:                     Dispensation (Diameter 80 cm +)
                                                                                   Month                                                   12-month
Species / Group
                               12/23        11/23   10/23       9/23    8/23    7/23    6/23        5/23    4/23    3/23    2/23    1/23      total

Kwila                                                          2,021     685     418                        113      125                      3,361

Field98:
Group 1 Species Total                                          2,021     685     418                        113      125                      3,361


Grade Total (USD'000)                                          2,021    685     418                         113     125                      3,361




Report Number 4:        Page 4 of 6 pages      Date Printed:             29/01/2024 9:58:06 AM                                             4- 4

Page 29 screenshot
Report - Monthly Shipped Log Revenues (USD'000) by Log Grades and Species/Groups      continued



Log Grade:                  Dispensation (Diameter 60 -79 cm)
                                                                                   Month                                             12-month
Species / Group
                             12/23        11/23   10/23       9/23   8/23    7/23      6/23       5/23   4/23   3/23   2/23   1/23      total

Kwila                                                        1,093   664      161                         69    247                     2,234

Field98:
Group 1 Species Total                                        1,093   664      161                         69    247                     2,234


Grade Total (USD'000)                                        1,093   664     161                          69    247                    2,234


Log Grade:                  Dispensation (Diameter 40 -59 cm)
                                                                                   Month                                             12-month
Species / Group
                             12/23        11/23   10/23       9/23   8/23    7/23      6/23       5/23   4/23   3/23   2/23   1/23      total

Kwila                                                          521   195       45                         17    286                     1,064

Field98:
Group 1 Species Total                                          521   195       45                         17    286                     1,064


Grade Total (USD'000)                                         521    195       45                         17    286                    1,064




Report Number 4:      Page 5 of 6 pages      Date Printed:           29/01/2024 9:58:09 AM                                           4- 5

Page 30 screenshot
Report - Monthly Shipped Log Revenues (USD'000) by Log Grades and Species/Groups          continued



Log Grade:                     All logs
                                                                                      Month                                                        12-month
Species / Group
                                12/23       11/23   10/23        9/23     8/23     7/23     6/23        5/23     4/23     3/23    2/23     1/23       total

Burckella                        169         190      269         80       84      216      297         134      151      359       93      238       2,279

Calophyllum                      638     1,393        922       1,486     786      914      899         989     1,355    1,284    1,715    2,219     14,600

Dillenia                         366         523      470        217      351      643      544         572      452      641      258      529       5,566

Erima                            198         339      286        258      232      574      230         202      287      223      295      369       3,493

Grey Canarium                     95         191       31         92       45       57        65         61       31       85       62       79           892

Hekakoro                           0           0        1                    0        0        1           0                 0                              4

Kwila                           5,329    1,308      2,119       9,161    5,291    2,409    3,230       3,601    2,111    3,981    6,521    7,877     52,938

Lophopetallum/Perupok             92          20       13         54       57       20        29         15       23       43       12       10           387

Malas                            552         802    1,040        651      617     1,127     955        1,333    1,690    1,543     189     1,186     11,685

Pencil Cedar                     595         987      277        727      418      488      476         525      565      602      445      662       6,766

PNG Mersawa                      660         924       20        642      908      571      469         170         1     109      925      599       5,998

PNG Walnut                       234         223      231        135      205      368      235         186       60      201      252      118       2,447

Red Canarium                     471         500      183        237      224      425      355         342      173      636      244      608       4,398

Red Planchonella                  36          37        2         21       17       22        24         12         3      19       17       15           225

Taun                            2,585    3,683      3,119       2,800    1,570    3,224    3,773       2,490    2,987    3,465    3,478    3,589     36,764

Teak (a) little small (plntn      30          42                  36       24                 21           1               20       21                    195
)
Teak (b) tiny small (plntn)       41          40                  40       56                 30        128               189       34                    558

Teak (c) baby smal (plntn                                                                                28                12                              40
)
Teak (d) super small (plnt                                                                                 1                                                1
n)
Terminalia                       620         654      259        507      428      536      444         478      358     1,133     312     1,254      6,984

White Planchonella                52          35       19         30       20       14        76         29       28       94       18       22           440


Field98:
Group 1 Species Total          12,765   11,894      9,261      17,175   11,333   11,608   12,152      11,297   10,275   14,638   14,890   19,373    156,661
Field98:
Group 2 Species Total           1,944    1,099        718        747     1,440     743     1,298       1,202     362     1,135     187      399      11,276
Field98:
Group 3 Species Total           1,528    1,669        839        872      786     1,010    1,422        802      799     1,505     701      749      12,681

Field98:
Group 4 Species Total           1,635    1,940        678       1,312     989     1,314    1,391        937      735     1,794     750     1,030     14,506


Grand Total (USD'000) 17,871 16,602 11,497 20,106 14,547 14,675 16,263 14,239 12,171 19,073 16,529 21,551                                          195,124




Report Number 4:        Page 6 of 6 pages      Date Printed:              29/01/2024 1:25:37 PM                                                    4- 6

Page 31 screenshot
           Monthly Average Actual Export Prices (Kina) by Log
                      Grades and Species/Groups
Log Grade :                   Super Small - Dispensation
                                                                                      Month
Species / Group                 12/23       11/23    10/23       9/23     8/23     7/23     6/23     5/23    4/23      3/23     2/23     1/23       Average

Kwila                          471.01                           599.65                                                 445.97                             531.67

All Group 1 Species             471.01                          599.65                                                 445.97                             531.67

Average Price (K)             471.01                           599.65                                                 445.97                             531.67


Log Grade :                   Small - Dispensation
                                                                                      Month
Species / Group                 12/23       11/23    10/23       9/23     8/23     7/23     6/23     5/23    4/23      3/23     2/23     1/23       Average

Kwila                          615.94                           458.55                                                 583.19                             532.22

All Group 1 Species             615.94                          458.55                                                 583.19                             532.22

Average Price (K)             615.94                           458.55                                                 583.19                             532.22


Log Grade :                   Saw/Veneer
                                                                                      Month
Species / Group                 12/23       11/23    10/23       9/23     8/23     7/23     6/23     5/23    4/23      3/23     2/23     1/23       Average

Burckella                      271.34       271.28   269.67     263.96   277.04   263.26   268.53   261.69   257.37    271.26   282.94   275.53           269.18
Calophyllum                    334.28       337.78   325.47     317.67   321.68   330.52   328.26   314.88   314.80    322.27   319.23   339.23           325.40
Dillenia                       268.49       271.85   269.96     268.66   268.30   261.26   265.45   259.15   257.51    267.38   281.72   278.89           267.23
Erima                          276.61       272.54   272.63     265.37   262.40   261.71   267.58   258.70   258.91    263.29   266.18   274.35           266.32
Grey Canarium                  270.93       270.71   271.08     262.43   262.76   261.42   267.07   261.15   258.95    265.12   268.12   281.33           267.62
Hekakoro                       271.74       271.74   269.30                       261.78   259.97   258.18             308.75                             268.43
Kwila                          836.31       864.41   830.81     814.34   817.41   831.19   806.46   794.70   821.51    810.19   838.60   868.10           829.77
Lophopetallum/Perupok          271.37       270.35   268.77     263.34   261.89   261.62   266.77   259.89   257.51    267.85   260.74   272.80           266.06
Malas                          270.61       271.28   269.44     263.90   261.90   261.43   263.52   262.85   257.32    272.31   263.36   285.75           266.93
Pencil Cedar                   327.83       330.09   329.55     315.90   324.18   326.66   317.24   317.98   311.00    324.18   325.37   336.53           324.00
PNG Mersawa                    294.04       284.39   270.76     290.51   262.63   275.36   273.65   263.40   308.75    267.09   285.61   274.44           279.24
PNG Walnut                     273.72       270.19   272.30     263.14   266.17   263.31   267.20   259.18   258.38    267.33   263.40   274.44           266.84
Red Canarium                   271.20       270.35   269.04     261.68   265.15   262.06   264.82   261.23   257.90    265.13   265.28   275.68           266.92
Red Planchonella               270.45       270.54   271.30     260.79   268.34   266.72   268.65   263.44   258.60    290.86   264.99   274.44           269.75
Taun                           328.68       329.25   323.44     316.42   326.25   325.50   319.92   316.95   320.05    331.31   320.64   335.94           324.68
Terminalia                     272.34       271.29   272.45     263.83   263.73   261.42   265.82   261.20   259.04    265.16   267.17   274.27           267.30
White Planchonella             272.46       272.47   279.24     264.40   261.80   261.66   271.02   260.29   257.42    266.28   269.89   272.83           267.79

All Group 1 Species             413.94      333.54   370.74     394.45   413.84   330.87   358.39   375.08   330.55    343.44   443.61   415.96           376.44
All Group 2 Species             238.21      238.61   235.30     231.55   229.67   228.31   224.61   223.40   219.86    230.50   231.04   239.32           230.38
All Group 3 Species             222.66      218.49   215.94     210.28   215.68   210.29   211.53   209.44   207.24    219.93   214.76   221.92           215.29
All Group 4 Species             201.64      200.85   199.89     197.13   196.27   195.91   191.55   192.12   190.45    200.08   198.04   204.11           197.75

Average Price (K)             338.21 288.42 329.74 338.32 353.07 293.91 301.12 325.31 301.42 304.47 402.03 378.54                                        327.98


Notes: All prices are Kina FOB per cubic metre; dates of prices from Bills of Lading

Report Number 5:        Page 1 of 5 pages      Date Printed:             29/01/2024 10:00:14 AM                                                   5- 1

Page 32 screenshot
Report - Monthly Average Actual Export Prices (Kina) by Log Grades and Species/Groups         continued



Log Grade :                      Regular - Dispensation
                                                                                         Month
Species / Group                    12/23       11/23    10/23      9/23     8/23      7/23     6/23        5/23    4/23    3/23     2/23   1/23     Average

Kwila                             716.42                          705.47                                                   686.11                         708.67

All Group 1 Species                716.42                         705.47                                                   686.11                         708.67

Average Price (K)                716.42                          705.47                                                   686.11                         708.67


Log Grade :                      Plantation diam under sap 60+ cm: regular
                                                                                         Month
Species / Group                    12/23       11/23    10/23      9/23     8/23      7/23     6/23        5/23    4/23    3/23     2/23   1/23     Average

Group 2 Species                                         323.16                                                                                            323.16

All Group 2 Species                                     323.16                                                                                            323.16

Average Price (K)                                      323.16                                                                                            323.16


Log Grade :                      Plantation diam 60+ cm: regular
                                                                                         Month
Species / Group                    12/23       11/23    10/23      9/23     8/23      7/23     6/23        5/23    4/23    3/23     2/23   1/23     Average

Group 2 Species                   493.36                                             279.23   528.50      502.58           308.75                         319.98

All Group 2 Species                493.36                                            279.23   528.50      502.58           308.75                         319.98

Average Price (K)                493.36                                             279.23 528.50 502.58                  308.75                         319.98


Log Grade :                      Plantation diam 50 - 59 cm: small
                                                                                         Month
Species / Group                    12/23       11/23    10/23      9/23     8/23      7/23     6/23        5/23    4/23    3/23     2/23   1/23     Average

Group 2 Species                   464.59                483.75             467.71    244.33   459.41      468.16           274.44                         432.97

All Group 2 Species                464.59               483.75             467.71    244.33   459.41      468.16           274.44                         432.97

Average Price (K)                464.59                483.75              467.71 244.33 459.41 468.16                    274.44                         432.97


Log Grade :                      Plantation diam 40 - 49 cm: super small
                                                                                         Month
Species / Group                    12/23       11/23    10/23      9/23     8/23      7/23     6/23        5/23    4/23    3/23     2/23   1/23     Average

Teak (d) super small (plntn)                                                                              857.63                                          857.63
Group 2 Species                   386.88                363.54             380.45    209.42   397.24      382.10           240.14                         375.78

All Group 1 Species                                                                                       857.63                                          857.63
All Group 2 Species                386.88               363.54             380.45    209.42   397.24      382.10           240.14                         375.78

Average Price (K)                386.88                363.54              380.45 209.42 397.24 386.19                    240.14                         375.90




Notes: All prices are Kina FOB per cubic metre; dates of prices from Bills of Lading

Report Number 5:           Page 2 of 5 pages     Date Printed:              29/01/2024 10:00:27 AM                                                5- 2

Page 33 screenshot
Report - Monthly Average Actual Export Prices (Kina) by Log Grades and Species/Groups             continued



Log Grade :                           Plantation diam 30 - 39 cm: baby small
                                                                                            Month
Species / Group                         12/23       11/23     10/23     9/23      8/23    7/23     6/23        5/23    4/23    3/23     2/23     1/23     Average

Teak (c) baby smal (plntn)                                                                                    574.76           548.89                           566.72
Group 2 Species                        291.18                 296.03             293.19           328.15      296.04                                            299.84

All Group 1 Species                                                                                           574.76           548.89                           566.72
All Group 2 Species                     291.18                296.03             293.19           328.15      296.04                                            299.84

Average Price (K)                     291.18                 296.03             293.19           328.15 325.66                548.89                           303.63


Log Grade :                           Plantation diam 20 - 29 cm: tiny small
                                                                                            Month
Species / Group                         12/23       11/23     10/23     9/23      8/23    7/23     6/23        5/23    4/23    3/23     2/23     1/23     Average

Teak (b) tiny small (plntn)            948.77       945.18             919.12    912.41           902.53      441.35           522.20   896.06                  616.79
Group 2 Species                        220.45                 216.61             219.90           219.34      227.19                                            220.74

All Group 1 Species                     948.77      945.18             919.12    912.41           902.53      441.35           522.20   896.06                  616.79
All Group 2 Species                     220.45                216.61             219.90           219.34      227.19                                            220.74

Average Price (K)                     271.38 945.18 216.61 919.12 286.51                         246.60 292.74                522.20 896.06                    307.81


Log Grade :                           Plantation diam 00 - 19 cm: little small
                                                                                            Month
Species / Group                         12/23       11/23     10/23     9/23      8/23    7/23     6/23        5/23    4/23    3/23     2/23     1/23     Average

Teak (a) little small (plntn)          948.77       945.18             919.12    912.41           902.53      823.33           896.06   896.06                  921.34
Group 2 Species                        106.42                 101.08             108.20           131.26      123.92                                            111.49

All Group 1 Species                     948.77      945.18             919.12    912.41           902.53      823.33           896.06   896.06                  921.34
All Group 2 Species                     106.42                101.08             108.20           131.26      123.92                                            111.49

Average Price (K)                     562.10 945.18 101.08 919.12 307.46                         814.79 136.81                896.06 896.06                    545.62




Notes: All prices are Kina FOB per cubic metre; dates of prices from Bills of Lading

Report Number 5:                Page 3 of 5 pages      Date Printed:             29/01/2024 10:00:36 AM                                                 5- 3

Page 34 screenshot
Report - Monthly Average Actual Export Prices (Kina) by Log Grades and Species/Groups      continued



Log Grade :                   Low Grade
                                                                                      Month
Species / Group                 12/23       11/23    10/23       9/23     8/23     7/23     6/23        5/23     4/23     3/23     2/23     1/23       Average

Burckella                      184.83       183.47   179.75     177.26   175.40   174.18   177.14      172.35    171.67   172.49   174.76   179.40           178.02
Calophyllum                    184.76       182.53   183.87     179.13   175.58   174.09   185.29      172.70    171.84   183.10   177.18   189.92           181.19
Dillenia                       181.16       185.05   185.00     176.54   175.06   173.98   185.50      172.08    171.53   173.43   171.53   187.86           179.40
Erima                          181.82       181.43   184.76     186.28   174.73   176.05   183.05      172.53    171.53   172.96   175.02   175.17           179.56
Grey Canarium                  182.65       183.75   191.31     190.18   175.16   178.11   183.85      172.32    172.12   176.68   177.15   172.59           181.08
Hekakoro                                             171.90              187.28   174.52               172.12                                                178.62
Kwila                          181.16       182.96   179.53     176.37   175.38   173.93   620.62      172.12    685.52   676.16   565.30   598.00           581.55
Lophopetallum/Perupok          181.63       198.73   183.55     176.99   174.62   175.55   177.20      172.45    172.12   171.53   171.53   173.00           176.21
Malas                          181.70       184.45   185.33     195.60   174.56   174.44   178.75      172.37    171.53   171.64   171.53   177.46           178.78
Pencil Cedar                   184.62       184.49   184.32     176.74   175.83   174.27   180.48      172.41    171.78   173.34   175.74   175.08           178.65
PNG Mersawa                    196.29       182.00   162.45     175.92   174.83   183.11   172.71                         171.53   171.53   171.53           177.68
PNG Walnut                     181.95       182.25   186.37     188.95   174.69   174.33   178.74      171.63    171.61   171.53   171.60   173.06           176.85
Red Canarium                   182.36       182.39   188.33     180.96   175.68   174.54   180.48      172.18    171.82   175.09   171.58   175.71           178.45
Red Planchonella               184.58       181.90   188.94     177.22   175.41   178.51   185.03      171.79    171.84   171.53   175.09   185.26           178.96
Taun                           187.82       182.48   185.62     179.60   175.26   174.26   184.16      172.10    171.92   174.93   173.61   184.65           180.68
Terminalia                     183.30       182.81   188.27     177.70   175.03   174.14   181.83      172.17    171.74   172.00   171.59   172.60           177.85
White Planchonella             181.38       185.76   186.73     180.13   174.67   174.00   178.38      172.07    171.59   171.53   171.53   174.22           177.59

All Group 1 Species             186.02      182.78   185.18     180.58   175.16   175.19   217.56      172.23    215.54   211.91   188.32   256.61           195.53
All Group 2 Species             185.91      182.60   190.65     180.22   175.03   174.19   175.84      171.73    171.70   171.62   171.73   174.67           177.63
All Group 3 Species             183.04      182.98   187.22     178.54   174.97   174.91   178.59      171.94    171.68   171.63   173.30   175.23           177.78
All Group 4 Species             182.65      184.95   183.73     178.74   174.90   175.48   177.30      171.86    171.59   171.81   172.48   176.78           177.21

Average Price (K)             185.26 182.99 185.38 180.23 175.09 175.15 211.50 172.15 204.33 191.06 185.83 248.23                                           191.05


Log Grade :                   Dispensation (Diameter 80 cm +)
                                                                                      Month
Species / Group                 12/23       11/23    10/23       9/23     8/23     7/23     6/23        5/23     4/23     3/23     2/23     1/23       Average

Kwila                                                           667.84   663.18   660.87                         686.11   686.11                             667.25

All Group 1 Species                                             667.84   663.18   660.87                         686.11   686.11                             667.25

Average Price (K)                                              667.84 663.18 660.87                             686.11 686.11                               667.25


Log Grade :                   Dispensation (Diameter 60 -79 cm)
                                                                                      Month
Species / Group                 12/23       11/23    10/23       9/23     8/23     7/23     6/23        5/23     4/23     3/23     2/23     1/23       Average

Kwila                                                           597.54   593.37   591.30                         583.19   583.19                             593.82

All Group 1 Species                                             597.54   593.37   591.30                         583.19   583.19                             593.82

Average Price (K)                                              597.54 593.37 591.30                             583.19 583.19                               593.82


Log Grade :                   Dispensation (Diameter 40 -59 cm)
                                                                                      Month
Species / Group                 12/23       11/23    10/23       9/23     8/23     7/23     6/23        5/23     4/23     3/23     2/23     1/23       Average

Kwila                                                           456.94   453.75   452.17                         445.97   445.97                             453.03

All Group 1 Species                                             456.94   453.75   452.17                         445.97   445.97                             453.03

Average Price (K)                                              456.94 453.75 452.17                             445.97 445.97                               453.03

Notes: All prices are Kina FOB per cubic metre; dates of prices from Bills of Lading

Report Number 5:        Page 4 of 5 pages      Date Printed:             29/01/2024 10:00:44 AM                                                      5- 4

Page 35 screenshot
Report - Monthly Average Actual Export Prices (Kina) by Log Grades and Species/Groups             continued



Log Grade :                           All Logs
                                                                                             Month
Species / Group                                                                                                                                             Average
                                        12/23       11/23    10/23      9/23     8/23     7/23     6/23        5/23    4/23     3/23     2/23     1/23

Burckella                              245.27       248.64   235.49    238.59   251.63   246.72   236.99      237.06   253.81   262.22   243.51   268.65          247.97
Calophyllum                            261.84       283.29   267.52    284.25   243.63   283.22   250.28      277.73   302.58   276.78   267.10   296.19          277.12
Dillenia                               256.67       266.33   240.31    261.72   244.18   249.73   240.62      251.51   240.83   260.39   250.50   267.98          252.27
Erima                                  246.54       238.02   250.56    253.24   245.32   246.72   249.99      247.54   258.03   255.04   247.11   271.91          250.60
Grey Canarium                          253.52       259.08   234.23    256.19   232.08   251.53   248.84      252.73   257.33   254.97   248.66   263.83          253.32
Hekakoro                               271.74       271.74   241.64             187.28   237.58   259.97      207.73            308.75                            244.10
Kwila                                  772.48       792.79   829.84    682.14   733.52   747.01   756.92      794.60   782.50   710.54   824.25   812.58          759.60
Lophopetallum/Perupok                  264.57       265.91   240.30    258.80   235.01   237.98   257.96      237.08   248.69   255.59   245.32   239.69          252.24
Malas                                  230.28       241.28   235.32    249.70   230.92   251.76   220.32      240.48   242.79   265.24   206.66   264.00          243.55
Pencil Cedar                           295.35       289.29   281.96    269.97   263.49   286.85   272.63      300.01   297.76   301.44   287.02   318.84          289.02
PNG Mersawa                            265.12       243.25   238.47    285.82   226.46   243.84   259.35      263.40   308.75   265.77   228.53   231.38          245.21
PNG Walnut                             227.39       253.47   254.89    244.05   217.82   240.11   251.50      215.78   231.30   231.20   249.38   255.40          239.11
Red Canarium                           251.08       246.24   241.49    247.59   240.51   245.75   242.91      239.75   245.16   255.09   241.52   269.04          249.28
Red Planchonella                       252.01       257.53   234.67    250.29   214.84   255.33   258.80      242.81   232.45   269.45   250.71   256.13          251.08
Taun                                   263.45       270.11   252.54    274.36   259.71   281.55   266.32      268.02   308.47   304.74   275.49   290.16          276.19
Teak (a) little small (plntn)          948.77       945.18             919.12   912.41            902.53      823.33            896.06   896.06                   921.34
Teak (b) tiny small (plntn)            948.77       945.18             919.12   912.41            902.53      441.35            522.20   896.06                   616.79
Teak (c) baby smal (plntn)                                                                                    574.76            548.89                            566.72
Teak (d) super small (plntn)                                                                                  857.63                                              857.63
Terminalia                             244.68       238.12   249.87    247.53   233.32   240.25   243.40      234.94   253.57   255.20   241.76   265.54          247.93
White Planchonella                     233.56       236.63   257.37    244.29   209.62   218.88   260.22      249.35   251.03   241.74   248.56   253.53          243.42

All Group 1 Species                     358.89      284.94   298.23    399.00   355.49   304.21   308.43      331.00   320.89   334.94   372.82   380.95          339.26
All Group 2 Species                     276.71      220.79   257.29    217.94   240.84   220.41   241.51      228.05   216.43   207.65   207.59   217.73          234.92
All Group 3 Species                     212.80      207.43   210.78    204.43   199.15   203.56   208.33      202.37   202.48   207.00   203.60   217.71          207.02
All Group 4 Species                     197.45      197.91   196.24    195.00   186.79   192.29   189.45      188.74   187.79   192.97   192.57   202.15          193.70


Average Price (K)                     307.76 257.13 278.48 349.78 308.90 275.21 275.91 294.59 292.91 290.13 342.98 352.01                                    301.93




Notes: All prices are Kina FOB per cubic metre; dates of prices from Bills of Lading

Report Number 5:                Page 5 of 5 pages      Date Printed:            29/01/2024 10:01:29 AM                                                     5- 5

Page 36 screenshot
        Monthly Average Actual Export Prices (USD) by Log
                   Grades and Species/Groups

Log Grade :                 Super Small - Dispensation
                                                                                 Month
Species / Group               12/23       11/23   10/23       9/23    8/23     7/23    6/23    5/23   4/23    3/23     2/23   1/23     Average

Kwila                         130.00                         170.00                                           130.00                        150.02

All Group 1 Species           130.00                         170.00                                           130.00                         150.02

Ave. Price (USD)            130.00                          170.00                                           130.00                         150.02


Log Grade :                 Small - Dispensation
                                                                                 Month
Species / Group               12/23       11/23   10/23       9/23    8/23     7/23    6/23    5/23   4/23    3/23     2/23   1/23     Average

Kwila                         170.00                         130.00                                           170.00                        149.43

All Group 1 Species           170.00                         130.00                                           170.00                         149.43

Ave. Price (USD)            170.00                          130.00                                           170.00                         149.43




Notes: All prices are USD FOB per cubic metre; dates of prices from Bills of Lading

Report Number 6:      Page 1 of 6 pages     Date Printed:             29/01/2024 10:02:43 AM                                         6- 1

Page 37 screenshot
Report - Monthly Average Actual Export Prices (USD) by Log Grades and Species/Groups       continued




Log Grade :                   Saw/Veneer
                                                                                      Month
Species / Group                 12/23       11/23    10/23       9/23     8/23     7/23     6/23        5/23    4/23      3/23     2/23     1/23       Average

Burckella                       74.89        74.92    75.00      74.77    79.16    75.57    77.54       76.14    75.02     79.07    81.89    80.32           77.09
Calophyllum                     92.96        93.25    90.25      89.87    91.86    94.83    94.60       91.57    91.75     93.94    91.52    98.89           93.18
Dillenia                        74.64        75.05    75.00      76.38    76.57    75.03    76.67       75.47    75.06     77.94    82.12    81.30           76.56
Erima                           76.34        75.17    75.99      74.93    75.08    75.00    77.29       75.24    75.36     76.75    77.58    79.97           76.25
Grey Canarium                   74.77        74.74    75.36      74.47    75.15    75.00    77.15       75.89    75.46     77.28    76.61    82.01           76.01
Hekakoro                        75.00        75.00    75.00                        75.00    75.00       75.00              90.00                             76.26
Kwila                          230.77       239.14   231.31     231.88   233.79   238.66   233.42      231.56   239.47    236.17   244.45   253.05          238.27
Lophopetallum/Perupok           74.89        74.70    74.61      74.61    75.00    75.00    77.09       75.50    75.00     78.08    75.89    79.52           75.52
Malas                           74.89        74.92    75.00      74.99    75.07    75.00    75.94       76.30    75.01     79.38    76.69    83.30           76.71
Pencil Cedar                    90.44        91.13    91.68      89.59    92.51    93.76    91.60       92.56    90.65     94.50    93.75    98.10           92.49
PNG Mersawa                     81.14        78.55    75.00      82.57    75.00    78.94    79.13       76.54    90.00     77.86    82.66    80.00           79.48
PNG Walnut                      75.54        74.68    75.86      74.43    75.93    75.48    77.15       75.37    75.23     77.93    76.77    80.00           76.14
Red Canarium                    74.85        74.70    74.78      74.23    75.66    75.29    76.45       76.01    75.13     77.29    77.27    80.36           76.41
Red Planchonella                74.63        74.85    75.33      74.09    76.45    76.55    77.52       76.46    75.34     84.78    75.53    80.00           76.56
Taun                            90.70        90.98    90.05      89.63    93.24    93.44    92.39       92.20    93.29     96.58    93.28    97.93           93.03
Terminalia                      75.16        74.95    75.89      74.79    75.28    75.05    76.77       75.99    75.47     77.29    77.81    79.95           76.72
White Planchonella              75.20        75.18    77.93      75.00    75.00    75.00    78.39       75.62    75.03     77.62    78.67    79.53           76.83

All Group 1 Species             114.31       92.15   103.16     112.00   118.30    94.96   103.55      109.15    96.34    100.11   128.92   121.25           107.90
All Group 2 Species              65.94       65.90    65.42      65.77    65.75    65.55    64.92       64.95    64.08     67.19    67.03    69.76            65.82
All Group 3 Species              61.47       60.37    60.23      59.64    61.64    60.39    61.07       60.87    60.39     64.11    62.17    64.69            61.40
All Group 4 Species              55.64       55.49    55.52      55.88    56.11    56.26    55.32       55.87    55.51     58.32    57.29    59.50            56.38

Ave. Price (USD)               93.40        79.68    91.76      96.04 100.94      84.36    86.99       94.65    87.85     88.75 116.80 110.34                93.92


Log Grade :                   Regular - Dispensation
                                                                                      Month
Species / Group                 12/23       11/23    10/23       9/23     8/23     7/23     6/23        5/23    4/23      3/23     2/23     1/23       Average

Kwila                          197.73                           200.00                                                    200.00                            198.80

All Group 1 Species             197.73                          200.00                                                    200.00                             198.80

Ave. Price (USD)              197.73                           200.00                                                    200.00                             198.80


Log Grade :                   Plantation diam under sap 60+ cm: regular
                                                                                      Month
Species / Group                 12/23       11/23    10/23       9/23     8/23     7/23     6/23        5/23    4/23      3/23     2/23     1/23       Average

Group 2 Species                                       90.00                                                                                                  90.00

All Group 2 Species                                   90.00                                                                                                   90.00

Ave. Price (USD)                                     90.00                                                                                                   90.00




Notes: All prices are USD FOB per cubic metre; dates of prices from Bills of Lading

Report Number 6:        Page 2 of 6 pages      Date Printed:             29/01/2024 10:02:54 AM                                                      6- 2

Page 38 screenshot
Report - Monthly Average Actual Export Prices (USD) by Log Grades and Species/Groups            continued




Log Grade :                         Plantation diam 60+ cm: regular
                                                                                           Month
Species / Group                       12/23       11/23     10/23     9/23      8/23    7/23     6/23        5/23    4/23    3/23     2/23     1/23     Average

Group 2 Species                      130.00                                             80.00   153.00      146.00            90.00                           91.57

All Group 2 Species                   130.00                                            80.00   153.00      146.00            90.00                            91.57

Ave. Price (USD)                    130.00                                              80.00 153.00 146.00                  90.00                            91.57


Log Grade :                         Plantation diam 50 - 59 cm: small
                                                                                           Month
Species / Group                       12/23       11/23     10/23     9/23      8/23    7/23     6/23        5/23    4/23    3/23     2/23     1/23     Average

Group 2 Species                      122.39                 134.00             134.00   70.00   133.00      136.00            80.00                          117.32

All Group 2 Species                   122.39                134.00             134.00   70.00   133.00      136.00            80.00                           117.32

Ave. Price (USD)                    122.39                 134.00             134.00    70.00 133.00 136.00                  80.00                           117.32


Log Grade :                         Plantation diam 40 - 49 cm: super small
                                                                                           Month
Species / Group                       12/23       11/23     10/23     9/23      8/23    7/23     6/23        5/23    4/23    3/23     2/23     1/23     Average

Teak (d) super small (plntn)                                                                                250.00                                           250.00
Group 2 Species                      101.90                 100.78             109.00   60.00   115.00      111.00            70.00                          102.55

All Group 1 Species                                                                                         250.00                                            250.00
All Group 2 Species                   101.90                100.78             109.00   60.00   115.00      111.00            70.00                           102.55

Ave. Price (USD)                    101.90                 100.78             109.00    60.00 115.00 112.20                  70.00                           102.59


Log Grade :                         Plantation diam 30 - 39 cm: baby small
                                                                                           Month
Species / Group                       12/23       11/23     10/23     9/23      8/23    7/23     6/23        5/23    4/23    3/23     2/23     1/23     Average

Teak (c) baby smal (plntn)                                                                                  167.12           160.00                          164.91
Group 2 Species                       76.65                  82.00              84.00            95.00       86.00                                            83.28

All Group 1 Species                                                                                         167.12           160.00                           164.91
All Group 2 Species                    76.65                 82.00              84.00            95.00       86.00                                             83.28

Ave. Price (USD)                     76.65                  82.00              84.00            95.00       94.62           160.00                            84.44


Log Grade :                         Plantation diam 20 - 29 cm: tiny small
                                                                                           Month
Species / Group                       12/23       11/23     10/23     9/23      8/23    7/23     6/23        5/23    4/23    3/23     2/23     1/23     Average

Teak (b) tiny small (plntn)          250.00       250.00             250.00    250.00           250.00      128.27           151.09   250.00                 173.64
Group 2 Species                       58.00                  60.00              63.00            63.50       66.00                                            62.25

All Group 1 Species                   250.00      250.00             250.00    250.00           250.00      128.27           151.09   250.00                  173.64
All Group 2 Species                    58.00                 60.00              63.00            63.50       66.00                                             62.25

Ave. Price (USD)                     71.43 250.00           60.00 250.00       80.99            70.94       85.06           151.09 250.00                     86.74



Notes: All prices are USD FOB per cubic metre; dates of prices from Bills of Lading

Report Number 6:              Page 3 of 6 pages      Date Printed:             29/01/2024 10:03:06 AM                                                 6- 3

Page 39 screenshot
Report - Monthly Average Actual Export Prices (USD) by Log Grades and Species/Groups                continued




Log Grade :                           Plantation diam 00 - 19 cm: little small
                                                                                              Month
Species / Group                         12/23       11/23    10/23       9/23     8/23     7/23      6/23        5/23     4/23      3/23     2/23     1/23       Average

Teak (a) little small (plntn)          250.00       250.00              250.00   250.00             250.00      240.00              250.00   250.00                   249.96
Group 2 Species                         28.00                28.00                31.00              38.00       36.00                                                 31.58

All Group 1 Species                     250.00      250.00              250.00   250.00             250.00      240.00              250.00   250.00                    249.96
All Group 2 Species                      28.00               28.00                31.00              38.00       36.00                                                  31.58

Ave. Price (USD)                      148.09 250.00          28.00 250.00        85.26             225.88       39.76              250.00 250.00                      148.64


Log Grade :                           Low Grade
                                                                                              Month
Species / Group                         12/23       11/23    10/23       9/23     8/23     7/23      6/23        5/23     4/23      3/23     2/23     1/23       Average

Burckella                               50.43        50.64   50.02       50.00    50.15    50.06     51.12       50.00     50.00     50.28    50.00    52.30           50.43
Calophyllum                             50.49        50.38   51.09       50.66    50.01    50.02     53.43       50.00     50.00     53.37    50.00    55.36           51.52
Dillenia                                50.00        51.08   51.36       50.00    50.12    50.01     53.43       50.00     50.00     50.56    50.00    54.76           51.26
Erima                                   50.18        50.07   51.32       52.70    50.00    50.45     52.86       50.00     50.00     50.42    51.00    51.06           50.77
Grey Canarium                           50.41        50.73   53.02       53.77    50.08    51.14     53.09       50.00     50.00     51.50    50.00    50.31           51.18
Hekakoro                                                     47.77                53.39    50.00                 50.00                                                 50.73
Kwila                                   50.00        50.50   50.00       50.00    50.00    50.00    179.67       50.00    199.83    197.10   164.79   174.32          169.07
Lophopetallum/Perupok                   50.13        54.98   50.87       50.00    50.00    50.33     51.19       50.00     50.00     50.00    50.00    50.43           50.29
Malas                                   50.15        50.93   51.42       55.25    50.00    50.14     51.53       50.00     50.00     50.03    50.00    51.73           50.92
Pencil Cedar                            50.50        50.92   51.24       50.05    50.05    50.04     52.08       50.00     50.00     50.53    50.00    51.03           50.57
PNG Mersawa                             54.15        50.23   45.00       50.00    50.00    52.49     50.00                           50.00    50.00    50.00           50.66
PNG Walnut                              50.22        50.30   51.78       53.43    50.03    50.08     51.62       50.00     50.00     50.00    50.02    50.45           50.43
Red Canarium                            50.33        50.34   52.27       51.13    50.19    50.13     52.14       50.00     50.00     51.04    50.00    51.22           50.71
Red Planchonella                        50.94        50.21   52.76       50.00    50.19    51.22     53.44       50.00     50.00     50.00    50.00    54.00           50.82
Taun                                    51.68        50.36   51.73       50.74    50.06    50.04     53.17       50.00     50.00     50.99    50.57    53.82           51.33
Terminalia                              50.59        50.46   52.24       50.24    50.03    50.01     52.53       50.00     50.00     50.14    50.00    50.31           50.51
White Planchonella                      50.06        51.27   51.76       51.05    50.00    50.00     51.60       50.00     50.00     50.00    50.00    50.78           50.45

All Group 1 Species                      51.18       50.45   51.52       51.05    50.04    50.30     62.83       50.00     62.79     61.77    54.46    74.80            55.73
All Group 2 Species                      51.31       50.37   52.82       50.18    50.03    50.03     50.81       50.00     50.00     50.03    50.00    50.92            50.48
All Group 3 Species                      50.52       50.50   51.98       50.17    50.05    50.21     51.59       50.00     50.00     50.03    50.00    51.08            50.41
All Group 4 Species                      50.41       51.05   50.94       50.38    50.05    50.38     51.24       50.00     50.00     50.08    50.00    51.53            50.43

Ave. Price (USD)                       51.02        50.51    51.55     50.84     50.04    50.29     61.08       50.00     59.52     55.69    53.75    72.36            54.41


Log Grade :                           Dispensation (Diameter 80 cm +)
                                                                                              Month
Species / Group                         12/23       11/23    10/23       9/23     8/23     7/23      6/23        5/23     4/23      3/23     2/23     1/23       Average

Kwila                                                                   190.00   190.00   190.00                          200.00    200.00                            190.67

All Group 1 Species                                                     190.00   190.00   190.00                          200.00    200.00                             190.67

Ave. Price (USD)                                                       190.00 190.00 190.00                              200.00 200.00                                190.67




Notes: All prices are USD FOB per cubic metre; dates of prices from Bills of Lading

Report Number 6:                Page 4 of 6 pages      Date Printed:             29/01/2024 10:03:14 AM                                                        6- 4

Page 40 screenshot
Report - Monthly Average Actual Export Prices (USD) by Log Grades and Species/Groups    continued




Log Grade :                 Dispensation (Diameter 60 -79 cm)
                                                                                   Month
Species / Group                12/23      11/23   10/23       9/23     8/23     7/23    6/23        5/23    4/23     3/23     2/23   1/23     Average

Kwila                                                        170.00   170.00   170.00                       170.00   170.00                        170.00

All Group 1 Species                                          170.00   170.00   170.00                       170.00   170.00                         170.00

Ave. Price (USD)                                            170.00 170.00 170.00                           170.00 170.00                           170.00


Log Grade :                 Dispensation (Diameter 40 -59 cm)
                                                                                   Month
Species / Group                12/23      11/23   10/23       9/23     8/23     7/23    6/23        5/23    4/23     3/23     2/23   1/23     Average

Kwila                                                        130.00   130.00   130.00                       130.00   130.00                        130.00

All Group 1 Species                                          130.00   130.00   130.00                       130.00   130.00                         130.00

Ave. Price (USD)                                            130.00 130.00 130.00                           130.00 130.00                           130.00




Notes: All prices are USD FOB per cubic metre; dates of prices from Bills of Lading

Report Number 6:      Page 5 of 6 pages     Date Printed:             29/01/2024 10:03:17 AM                                                6- 5

Page 41 screenshot
Report - Monthly Average Actual Export Prices (USD) by Log Grades and Species/Groups              continued



Log Grade :                           All Logs
                                                                                             Month
Species / Group                                                                                                                                             Average
                                        12/23       11/23    10/23      9/23     8/23     7/23     6/23        5/23    4/23     3/23     2/23     1/23

Burckella                               67.52        68.66    65.51     67.52    71.91    70.83    68.42       68.94    73.98    76.44    70.27    78.31           70.89
Calophyllum                             72.39        78.21    74.22     80.41    69.50    81.28    72.14       80.71    88.18    80.68    76.28    86.34           79.24
Dillenia                                71.30        73.53    66.75     74.40    69.73    71.72    69.45       73.23    70.20    75.90    73.02    78.12           72.25
Erima                                   68.04        65.66    69.80     71.52    70.19    70.71    72.21       71.97    75.11    74.34    72.02    79.26           71.63
Grey Canarium                           69.96        71.53    65.04     72.69    66.37    72.17    71.88       73.43    74.99    74.32    70.92    76.91           71.91
Hekakoro                                75.00        75.00    67.27              53.39    68.07    75.00       60.35             90.00                             69.34
Kwila                                  213.17       219.31   231.04    194.05   209.90   214.56   219.09      231.53   228.10   207.12   240.27   236.87          217.90
Lophopetallum/Perupok                   73.02        73.48    66.68     73.31    67.30    68.23    74.54       68.85    72.42    74.51    71.42    69.87           71.64
Malas                                   63.67        66.64    65.43     70.88    66.18    72.24    63.50       69.80    70.77    77.32    60.21    76.96           69.87
Pencil Cedar                            81.38        79.86    78.43     76.55    75.14    82.34    78.71       87.31    86.78    87.87    82.54    92.94           82.40
PNG Mersawa                             73.15        67.17    66.06     81.24    64.70    69.90    75.01       76.54    90.00    77.47    66.32    67.45           69.82
PNG Walnut                              62.75        70.05    70.98     69.02    62.24    68.86    72.62       62.80    67.36    67.40    72.68    74.45           68.22
Red Canarium                            69.30        68.02    67.10     70.19    68.64    70.60    70.13       69.73    71.41    74.36    70.36    78.43           71.28
Red Planchonella                        69.55        71.23    65.29     71.06    61.33    73.28    74.68       70.51    67.70    78.55    71.47    74.66           71.27
Taun                                    72.63        74.61    70.33     77.67    74.21    80.83    76.91       77.94    89.90    88.83    80.16    84.58           78.98
Teak (a) little small (plntn)          250.00       250.00             250.00   250.00            250.00      240.00            250.00   250.00                   249.96
Teak (b) tiny small (plntn)            250.00       250.00             250.00   250.00            250.00      128.27            151.09   250.00                   173.64
Teak (c) baby smal (plntn)                                                                                    167.12            160.00                            164.91
Teak (d) super small (plntn)                                                                                  250.00                                              250.00
Terminalia                              67.53        65.77    69.54     70.14    66.62    68.98    70.30       68.32    73.88    74.39    70.42    77.41           71.04
White Planchonella                      64.46        65.30    71.74     69.28    60.03    62.80    75.27       72.44    73.17    70.47    72.45    73.90           69.70

All Group 1 Species                      99.02       78.68    82.98    113.27   101.61    87.32    89.08       96.30    93.52    97.62   108.26   111.05          97.10
All Group 2 Species                      74.23       60.96    71.33     61.64    68.96    63.28    69.85       66.29    63.07    60.53    60.29    63.47          66.47
All Group 3 Species                      58.74       57.30    58.74     57.89    56.93    58.45    60.15       58.82    59.00    60.34    58.89    63.46          58.98
All Group 4 Species                      54.49       54.67    54.49     55.25    53.42    55.22    54.72       54.89    54.73    56.25    55.73    58.93          55.21


Ave. Price (USD)                       84.65        71.01    77.47     99.26    88.31    79.00    79.70       85.69    85.37    84.56    99.56 102.61             86.31




Notes: All prices are USD FOB per cubic metre; dates of prices from Bills of Lading

Report Number 6:                Page 6 of 6 pages      Date Printed:             29/01/2024 1:29:02 PM                                                     6- 6

Page 42 screenshot
   Mean Monthly Endorsed Prices (USD) by Log Grades
                 and Species/Groups

Log Grade : Super Small - Dispensation
                                                                               Month
Species / Group                                                                                                                          12-month
                              12/23       11/23    10/23     9/23   8/23     7/23      6/23     5/23    4/23   3/23    2/23     1/23      average

Kwila                                     130.00   130.00                                      130.00                  130.00                 130.00

All Group 1 Species                       130.00   130.00                                      130.00                  130.00                 130.00

Mean Grade Price                      130.00 130.00                                           130.00                  130.00              130.00



Log Grade : Small - Dispensation
                                                                               Month
Species / Group                                                                                                                          12-month
                              12/23       11/23    10/23     9/23   8/23     7/23      6/23     5/23    4/23   3/23    2/23     1/23      average

Kwila                                     170.00   170.00                                      170.00                  170.00                 170.00

All Group 1 Species                       170.00   170.00                                      170.00                  170.00                 170.00

Mean Grade Price                      170.00 170.00                                           170.00                  170.00              170.00




Notes: All prices are USD per cubic metre; dates of prices from PNGFA Permit Notices


Report Number 7:      Page 1 of 6 pages      Date Printed:          29/01/2024 10:06:02 AM                                             7- 1

Page 43 screenshot
Report - Mean Monthly Endorsed Prices (USD) by Log Grades and Species/Groups         continued



Log Grade : Saw/Veneer
                                                                                     Month
Species / Group                                                                                                                                   12-month
                                12/23       11/23    10/23      9/23     8/23     7/23     6/23      5/23    4/23     3/23      2/23     1/23      average

Burckella                       76.11        74.91    74.98     75.26    78.08    74.85    76.20     76.09    76.13    75.01     76.36    83.47         76.38
Calophyllum                     90.72        91.04    93.55     90.06    90.17    92.12    92.02     94.42    92.27    93.10     92.08    91.75         91.86
Dillenia                        75.49        74.68    75.00     75.16    77.20    75.00    75.21     75.21    75.77    75.01     75.59    82.83         75.89
Erima                           75.07        75.54    75.08     75.14    75.07    74.97    75.02     76.00    75.65    75.29     76.19    79.62         75.55
Grey Canarium                   75.08        74.98    74.89     74.80    75.06    74.49    75.19     75.90    76.71    75.30     76.56    79.96         75.72
Hekakoro                        75.00        75.00    75.00     76.56    75.00    75.00    77.50              77.00              78.33                  75.98
Kwila                          235.14       231.89   235.89    239.32   231.38   232.55   237.65    238.16   230.69   235.40    238.54   247.68        235.51
Lophopetallum/Perupok           75.00        74.67    74.95     74.62    74.93    74.75    75.16     75.04    76.32    75.22     75.73    80.11         75.50
Malas                           75.01        74.95    74.91     75.69    75.01    75.00    76.50     75.08    76.07    75.02     75.92    82.80         75.93
Pencil Cedar                    91.88        90.33    91.45     90.82    90.06    91.69    92.81     93.81    92.68    94.20     91.33    94.41         91.85
PNG Mersawa                     77.10        81.76    78.77     75.48    80.54    75.00    83.99     78.06    79.90    75.00     78.46    80.48         79.03
PNG Walnut                      75.01        75.29    75.03     75.13    75.76    74.82    75.35     76.69    76.08    75.18     76.10    80.44         75.68
Red Canarium                    75.78        74.88    74.85     74.72    75.21    74.53    75.30     75.26    75.90    75.12     76.04    79.34         75.59
Red Planchonella                75.19        75.30    74.80     74.14    75.00    75.00    75.92     76.86    76.84    76.72     75.92    79.80         76.26
Taun                            90.91        90.49    91.24     89.92    90.49    91.41    92.74     93.85    92.26    94.57     93.04    97.34         92.12
Terminalia                      75.84        75.12    75.01     75.31    75.15    74.80    75.18     75.68    75.98    75.33     75.92    80.76         75.93
White Planchonella              75.00        75.22    75.44     76.93    75.12    75.00    75.04     75.97    76.91    75.00     76.29    80.20         77.35

All Group 1 Species             89.85        95.07    93.59     86.51   127.74   120.43   102.39     93.75   114.23    87.05    123.04   120.42        106.40
All Group 2 Species             65.89        65.76    66.54     65.44    66.81    64.87    66.46     64.94    65.11    65.74     64.87    67.28         65.71
All Group 3 Species             60.74        60.61    60.96     60.11    61.94    59.34    60.74     61.11    60.52    60.83     59.80    67.32         61.07
All Group 4 Species             56.89        55.57    55.72     55.69    57.14    55.15    56.55     55.28    55.97    56.43     55.35    60.73         56.24

Mean Grade Price               80.88        82.15    81.27     77.56 108.37 104.56        89.22     80.61 101.45      80.00 107.58 103.60              92.46



Log Grade : Regular - Dispensation
                                                                                     Month
Species / Group                                                                                                                                   12-month
                                12/23       11/23    10/23      9/23     8/23     7/23     6/23      5/23    4/23     3/23      2/23     1/23      average

Kwila                                        90.00   200.00                                         200.00                      200.00                 191.26

All Group 1 Species                          90.00   200.00                                         200.00                      200.00                 191.26

Mean Grade Price                            90.00 200.00                                           200.00                      200.00              191.26




Notes: All prices are USD per cubic metre; dates of prices from PNGFA Permit Notices


Report Number 7:        Page 2 of 6 pages      Date Printed:            29/01/2024 10:06:08 AM                                                  7- 2

Page 44 screenshot
Report - Mean Monthly Endorsed Prices (USD) by Log Grades and Species/Groups              continued



Log Grade : Plantation diam 60+ cm: regular
                                                                                          Month
Species / Group                                                                                                                                       12-month
                                     12/23       11/23    10/23       9/23    8/23     7/23     6/23      5/23    4/23     3/23     2/23     1/23      average

Teak                                                                                                              260.00                                   260.00
Group 2 Species                                  119.20               90.00            80.00             153.00   149.50   90.00                            91.99

All Group 1 Species                                                                                               260.00                                   260.00
All Group 2 Species                              119.20               90.00            80.00             153.00   149.50   90.00                            91.99

Mean Grade Price                             119.20                  90.00            80.00             153.00 204.75      90.00                           93.45



Log Grade : Plantation diam 50 - 59 cm: small
                                                                                          Month
Species / Group                                                                                                                                       12-month
                                     12/23       11/23    10/23       9/23    8/23     7/23     6/23      5/23    4/23     3/23     2/23     1/23      average

Group 2 Species                                  119.44              109.19            70.00   134.00    133.00   134.50   80.00                           114.79

All Group 2 Species                              119.44              109.19            70.00   134.00    133.00   134.50   80.00                           114.79

Mean Grade Price                             119.44                 109.19            70.00 134.00 133.00 134.50           80.00                       114.79



Log Grade : Plantation diam 40 - 49 cm: super small
                                                                                          Month
Species / Group                                                                                                                                       12-month
                                     12/23       11/23    10/23       9/23    8/23     7/23     6/23      5/23    4/23     3/23     2/23     1/23      average

Teak (d) super small (plntn)                                                                                      250.00                                   250.00
Group 2 Species                                  102.45              104.10            60.00   109.00    115.00   113.36   70.00                           103.02

All Group 1 Species                                                                                               250.00                                   250.00
All Group 2 Species                              102.45              104.10            60.00   109.00    115.00   113.36   70.00                           103.02

Mean Grade Price                             102.45                 104.10            60.00 109.00 115.00 114.29           70.00                       103.10



Log Grade : Plantation diam 30 - 39 cm: baby small
                                                                                          Month
Species / Group                                                                                                                                       12-month
                                     12/23       11/23    10/23       9/23    8/23     7/23     6/23      5/23    4/23     3/23     2/23     1/23      average

Teak (c) baby smal (plntn)                                                                                        166.96            160.00                 164.90
Group 2 Species                                   79.05               82.00                     84.00     95.00    91.57                                    84.73

All Group 1 Species                                                                                               166.96            160.00                 164.90
All Group 2 Species                               79.05               82.00                     84.00     95.00    91.57                                    84.73

Mean Grade Price                                 79.05               82.00                     84.00     95.00    93.98            160.00                  85.51




Notes: All prices are USD per cubic metre; dates of prices from PNGFA Permit Notices


Report Number 7:             Page 3 of 6 pages      Date Printed:             29/01/2024 10:06:13 AM                                                7- 3

Page 45 screenshot
Report - Mean Monthly Endorsed Prices (USD) by Log Grades and Species/Groups                 continued



Log Grade : Plantation diam 20 - 29 cm: tiny small
                                                                                             Month
Species / Group                                                                                                                                           12-month
                                        12/23       11/23    10/23      9/23     8/23     7/23     6/23     5/23     4/23     3/23     2/23      1/23      average

Teak (b) tiny small (plntn)                         250.00   250.00             250.00   250.00            250.00    128.88   250.00   140.00    250.00        160.29
Group 2 Species                                      59.96              60.00                      63.00    63.50     64.68                                     62.44

All Group 1 Species                                 250.00   250.00             250.00   250.00            250.00    128.88   250.00   140.00    250.00        160.29
All Group 2 Species                                  59.96              60.00                      63.00    63.50     64.68                                     62.44

Mean Grade Price                                    63.76 250.00       60.00 250.00 250.00        63.00    67.90     74.67 250.00 140.00 250.00                75.33



Log Grade : Plantation diam 00 - 19 cm: little small
                                                                                             Month
Species / Group                                                                                                                                           12-month
                                        12/23       11/23    10/23      9/23     8/23     7/23     6/23     5/23     4/23     3/23     2/23      1/23      average

Teak (a) little small (plntn)                       250.00   250.00             250.00   250.00            250.00             250.00             250.00        250.00

All Group 1 Species                                 250.00   250.00             250.00   250.00            250.00             250.00             250.00        250.00
All Group 2 Species                                  28.86              28.00                      31.00    38.00     36.13                                     30.85

Mean Grade Price                                109.27 250.00          28.00 250.00 250.00        31.00 234.86       36.13 250.00               250.00     147.58



Log Grade : Low Grade
                                                                                             Month
Species / Group                                                                                                                                           12-month
                                        12/23       11/23    10/23      9/23     8/23     7/23     6/23     5/23     4/23     3/23     2/23      1/23      average

Calophyllum                                                                                                                             65.00                   65.00
Kwila                                                                                                                                  200.00                  200.00

All Group 1 Species                                                                                                                    166.26                  166.26
Mixed Group Species                     51.38        51.18    51.37     50.06    50.61    50.00    68.78    51.74     48.49    50.00    50.39     50.73         51.65

Mean Grade Price                       51.38        51.18    51.37     50.06    50.61    50.00    68.78    51.74     48.49    50.00    58.43     50.73         52.57



Log Grade : Dispensation (Diameter 80 cm +)
                                                                                             Month
Species / Group                                                                                                                                           12-month
                                        12/23       11/23    10/23      9/23     8/23     7/23     6/23     5/23     4/23     3/23     2/23      1/23      average

Kwila                                  190.00       190.00   190.00    190.00   190.00   190.00   190.00             200.00                                    190.26

All Group 1 Species                    190.00       190.00   190.00    190.00   190.00   190.00   190.00             200.00                                    190.26

Mean Grade Price                      190.00 190.00 190.00 190.00 190.00 190.00 190.00                              200.00                                 190.26




Notes: All prices are USD per cubic metre; dates of prices from PNGFA Permit Notices


Report Number 7:                Page 4 of 6 pages      Date Printed:            29/01/2024 10:06:19 AM                                                  7- 4

Page 46 screenshot
Report - Mean Monthly Endorsed Prices (USD) by Log Grades and Species/Groups       continued



Log Grade : Dispensation (Diameter 60 -79 cm)
                                                                                   Month
Species / Group                                                                                                                          12-month
                              12/23       11/23    10/23      9/23     8/23     7/23     6/23    5/23    4/23     3/23   2/23   1/23      average

Kwila                         170.00      170.00   170.00    170.00   170.00   170.00   170.00           170.00                               170.00

All Group 1 Species           170.00      170.00   170.00    170.00   170.00   170.00   170.00           170.00                               170.00

Mean Grade Price            170.00 170.00 170.00 170.00 170.00 170.00 170.00                            170.00                            170.00



Log Grade : Dispensation (Diameter 40 -59 cm)
                                                                                   Month
Species / Group                                                                                                                          12-month
                              12/23       11/23    10/23      9/23     8/23     7/23     6/23    5/23    4/23     3/23   2/23   1/23      average

Kwila                         130.00      130.00   130.00    130.00   130.00   130.00   130.00           130.00                               130.00

All Group 1 Species           130.00      130.00   130.00    130.00   130.00   130.00   130.00           130.00                               130.00

Mean Grade Price            130.00 130.00 130.00 130.00 130.00 130.00 130.00                            130.00                            130.00




Notes: All prices are USD per cubic metre; dates of prices from PNGFA Permit Notices


Report Number 7:      Page 5 of 6 pages      Date Printed:            29/01/2024 10:06:21 AM                                           7- 5

Page 47 screenshot
Report - Mean Monthly Endorsed Prices (USD) by Log Grades and Species/Groups                      continued


Log Grade : All Logs
                                                                                             Month
Species / Group                                                                                                                                              12-month
                                        12/23       11/23    10/23      9/23     8/23     7/23       6/23      5/23    4/23     3/23     2/23     1/23        average

Burckella                               76.11        74.91    74.98     75.26    78.08    74.85     76.20      76.09    76.13    75.01    76.36    83.47           76.38
Calophyllum                             90.72        91.04    93.55     90.06    90.17    92.12     92.02      94.42    92.27    93.10    90.23    91.75           91.60
Dillenia                                75.49        74.68    75.00     75.16    77.20    75.00     75.21      75.21    75.77    75.01    75.59    82.83           75.89
Erima                                   75.07        75.54    75.08     75.14    75.07    74.97     75.02      76.00    75.65    75.29    76.19    79.62           75.55
Grey Canarium                           75.08        74.98    74.89     74.80    75.06    74.49     75.19      75.90    76.71    75.30    76.56    79.96           75.72
Hekakoro                                75.00        75.00    75.00     76.56    75.00    75.00     77.50               77.00             78.33                    75.98
Kwila                                  210.19       206.88   199.09    203.98   223.90   203.91    219.16     191.71   228.91   235.40   225.08   247.68          217.08
Lophopetallum/Perupok                   75.00        74.67    74.95     74.62    74.93    74.75     75.16      75.04    76.32    75.22    75.73    80.11           75.50
Malas                                   75.01        74.95    74.91     75.69    75.01    75.00     76.50      75.08    76.07    75.02    75.92    82.80           75.93
Pencil Cedar                            91.88        90.33    91.45     90.82    90.06    91.69     92.81      93.81    92.68    94.20    91.33    94.41           91.85
PNG Mersawa                             77.10        81.76    78.77     75.48    80.54    75.00     83.99      78.06    79.90    75.00    78.46    80.48           79.03
PNG Walnut                              75.01        75.29    75.03     75.13    75.76    74.82     75.35      76.69    76.08    75.18    76.10    80.44           75.68
Red Canarium                            75.78        74.88    74.85     74.72    75.21    74.53     75.30      75.26    75.90    75.12    76.04    79.34           75.59
Red Planchonella                        75.19        75.30    74.80     74.14    75.00    75.00     75.92      76.86    76.84    76.72    75.92    79.80           76.26
Taun                                    90.91        90.49    91.24     89.92    90.49    91.41     92.74      93.85    92.26    94.57    93.04    97.34           92.12
Teak                                                                                                                   260.00                                     260.00
Teak (a) little small (plntn)                       250.00   250.00             250.00   250.00               250.00            250.00            250.00          250.00
Teak (b) tiny small (plntn)                         250.00   250.00             250.00   250.00               250.00   128.88   250.00   140.00   250.00          160.29
Teak (c) baby smal (plntn)                                                                                             166.96            160.00                   164.90
Teak (d) super small (plntn)                                                                                           250.00                                     250.00
Terminalia                              75.84        75.12    75.01     75.31    75.15    74.80     75.18      75.68    75.98    75.33    75.92    80.76           75.93
White Planchonella                      75.00        75.22    75.44     76.93    75.12    75.00     75.04      75.97    76.91    75.00    76.29    80.20           77.35

All Group 1 Species                     91.54        97.18   100.66    87.43    129.16   131.03    106.24     100.52   114.93    87.50   125.70   120.74          110.11
All Group 2 Species                     65.89        78.88    66.54    71.13     66.81    65.22     72.10      70.55    72.89    70.69    64.87    67.28           70.73
All Group 3 Species                     60.74        60.61    60.96    60.11     61.94    59.34     60.74      61.11    60.52    60.83    59.80    67.32           61.07
All Group 4 Species                     56.89        55.57    55.72    55.69     57.14    55.15     56.55      55.28    55.97    56.43    55.35    60.73           56.24
Mixed Group Species                     51.38        51.18    51.37    50.06     50.61    50.00     68.78      51.74    48.49    50.00    50.39    50.73           51.65

Overall Mean Price                     72.42        75.24    74.78     72.22    91.45 104.04       86.35      75.54    91.44    76.20    97.04    92.47           84.55




Notes: All prices are USD per cubic metre; dates of prices from PNGFA Permit Notices


Report Number 7:                Page 6 of 6 pages      Date Printed:             29/01/2024 1:30:56 PM                                                     7- 6

Page 48 screenshot
             Monthly Endorsed Volumes (m3) by Log Grades and
                             Species/Groups

Log Grade :                   Super Small - Dispensation
                                                                                        Month
Species / Group                12/23        11/23    10/23       9/23      8/23      7/23      6/23      5/23      4/23      3/23     2/23      1/23              Total


Kwila                                        582      1,343                                              2,905                         2,996                      7,826
Group 1 Species Total                        582     1,343                                              2,905                         2,996                       7,826

Total Volume (m3)                            582     1,343                                              2,905                         2,996                       7,826



Log Grade :                   Small - Dispensation
                                                                                        Month
Species / Group                12/23        11/23    10/23       9/23      8/23      7/23      6/23      5/23      4/23      3/23     2/23      1/23              Total


Kwila                                        433      1,930                                              2,950                         1,944                      7,256
Group 1 Species Total                        433     1,930                                              2,950                         1,944                       7,256

Total Volume (m3)                            433     1,930                                              2,950                         1,944                       7,256



Log Grade :                   Saw/Veneer
                                                                                        Month
Species / Group                12/23        11/23    10/23       9/23      8/23      7/23      6/23      5/23      4/23      3/23     2/23      1/23              Total


Burckella                       2,661     1,822       2,564      2,610       992     1,196     1,648     2,737     2,743     1,947     3,473     2,041           26,433
Calophyllum                     7,720     9,445      10,233     11,661     8,589     8,075     6,387     6,775    11,648     6,429    15,899    13,069          115,929
Dillenia                        4,548     4,968       7,734      3,987     4,504     5,768     5,537     3,343     5,828     6,347     5,384     4,457           62,405
Erima                           3,462     2,499       3,645      3,335     2,424     5,126     1,449     3,104     3,762     2,357     3,585     1,585           36,333
Grey Canarium                   1,608     2,454       1,085        859       743       810       645       568     1,261       332     1,607       891           12,863
Hekakoro                           30        24          13         16         5        15        10                  25                  15                        153
Kwila                           4,004     7,210       5,922      1,725    28,621    27,572     7,741     4,802    26,959       766    38,282    16,764          170,369
Lophopetallum/Perupok             366       321       1,198        427       516       799       161       245       525       112       633       436            5,740
Malas                          11,094     9,401       4,691     15,103     5,930     9,954     7,484    10,323    19,625    13,050    13,960     8,283          128,898
Pencil Cedar                    5,321     8,563       6,545      4,293     6,125     5,912     3,010     4,985     6,114     4,241     7,536     3,207           65,850
PNG Mersawa                     3,524     5,429       7,927        624     9,732     6,646     2,103     7,707     3,808       472     2,436     3,798           54,206
PNG Walnut                      2,903     2,514       2,966      3,529     1,694     3,898     1,705     2,188     1,789     1,227     3,178     1,428           29,020
Red Canarium                    4,261     5,823       3,330      4,535     2,711     3,217     3,648     3,473     5,716     2,728     5,939     3,487           48,866
Red Planchonella                  268       315         449        187       330       165       217       264       363       107       215       562            3,441
Taun                           29,596    23,509      26,429     36,817    16,749    24,694    18,735    27,079    30,258    27,809    40,675    10,677          313,028
Terminalia                      8,609     5,593       6,877      4,587     5,491     5,427     4,195     5,243     8,349     3,925    11,315     6,454           76,065
White Planchonella                705       541         319        406       164       396       683       357     1,212       183       890     3,113            8,970
Group 1 Species Total        90,681     90,430      91,926     94,700    95,320 109,668      65,358    83,195 129,985      72,034 155,021      80,252      1,158,568
Group 2 Species Total          9,136     6,898      12,942      7,748     8,475    11,567     5,070    13,571     9,631     3,059    13,140     8,386        109,625
Group 3 Species Total        11,897     18,765      16,367     22,184     9,731    11,075    12,010    19,569    11,561    12,654    15,096    12,592        173,502
Group 4 Species Total        18,223     24,499      23,862     16,762    20,366    15,782    12,344    19,703    18,435     9,395    21,344    13,721        214,438

Total Volume (m3)           129,937 140,592 145,098 141,394 133,893 148,092                  94,783 136,038 169,611        97,142 204,601 114,952          1,656,133




Report Number 8:        Page 1 of 5 pages      Date Printed:              29/01/2024 10:07:26 AM                                                         8- 1

Page 49 screenshot
Report - Monthly Endorsed Volumes (m3) by Log Grades and Species/Groups            continued




Log Grade :                        Regular - Dispensation
                                                                                         Month
Species / Group                     12/23        11/23   10/23      9/23    8/23      7/23     6/23    5/23     4/23    3/23   2/23     1/23           Total


Kwila                                             541     2,411                                        2,437                    1,427                  6,816
Group 1 Species Total                             541    2,411                                         2,437                   1,427                   6,816

Total Volume (m3)                                 541    2,411                                         2,437                   1,427                   6,816



Log Grade :                        Plantation diam 60+ cm: regular
                                                                                         Month
Species / Group                     12/23        11/23   10/23      9/23    8/23      7/23     6/23    5/23     4/23    3/23   2/23     1/23           Total


Teak                                                                                                               10                                     10
Group 2 Species                                   137                  42              263                 5       10    688                           1,145
Group 1 Species Total                                                                                             10                                      10
Group 2 Species Total                             137                 42              263                  5      10    688                            1,145

Total Volume (m3)                                 137                 42              263                  5      20    688                            1,155



Log Grade :                        Plantation diam 50 - 59 cm: small
                                                                                         Month
Species / Group                     12/23        11/23   10/23      9/23    8/23      7/23     6/23    5/23     4/23    3/23   2/23     1/23           Total


Group 2 Species                                  1,615                185               56       200       5       10    233                           2,304
Group 2 Species Total                        1,615                   185                56      200        5      10    233                            2,304

Total Volume (m3)                            1,615                   185                56      200        5      10    233                            2,304



Log Grade :                        Plantation diam 40 - 49 cm: super small
                                                                                         Month
Species / Group                     12/23        11/23   10/23      9/23    8/23      7/23     6/23    5/23     4/23    3/23   2/23     1/23           Total


Teak (d) super small (plntn)                                                                                        5                                      5
Group 2 Species                                  5,435                915               24       659     430      730    410                           8,603
Group 1 Species Total                                                                                              5                                       5
Group 2 Species Total                        5,435                   915                24      659     430      730    410                            8,603

Total Volume (m3)                            5,435                   915                24      659     430      735    410                            8,608



Log Grade :                        Plantation diam 30 - 39 cm: baby small
                                                                                         Month
Species / Group                     12/23        11/23   10/23      9/23    8/23      7/23     6/23    5/23     4/23    3/23   2/23     1/23           Total


Teak (c) baby smal (plntn)                                                                                        168             71                     239
Group 2 Species                              10,000                 3,000                      2,956    3,150   5,090                                 24,196
Group 1 Species Total                                                                                            168              71                     239
Group 2 Species Total                       10,000                  3,000                      2,956   3,150    5,090                                 24,196

Total Volume (m3)                           10,000                  3,000                      2,956   3,150    5,258             71                  24,435




Report Number 8:             Page 2 of 5 pages      Date Printed:           29/01/2024 10:07:33 AM                                             8- 2

Page 50 screenshot
Report - Monthly Endorsed Volumes (m3) by Log Grades and Species/Groups                    continued




Log Grade :                           Plantation diam 20 - 29 cm: tiny small
                                                                                                 Month
Species / Group                        12/23        11/23    10/23       9/23      8/23       7/23       6/23      5/23      4/23      3/23    2/23      1/23            Total


Teak (b) tiny small (plntn)                           100      100                  100        100                    70     1,013       70     1,129       70           2,752
Group 2 Species                                     4,900                2,000                           2,836     2,900     5,500                                      18,136
Group 1 Species Total                                100      100                  100        100                    70     1,013       70     1,129       70             2,752
Group 2 Species Total                           4,900                   2,000                           2,836     2,900     5,500                                        18,136

Total Volume (m3)                               5,000         100       2,000      100        100       2,836     2,970     6,513       70     1,129       70            20,888



Log Grade :                           Plantation diam 00 - 19 cm: little small
                                                                                                 Month
Species / Group                        12/23        11/23    10/23       9/23      8/23       7/23       6/23      5/23      4/23      3/23    2/23      1/23            Total


Teak (a) little small (plntn)                        200       200                  200        200                  130                 130                130            1,190
Group 2 Species                                      350                  100                             424        10       160                                         1,044
Group 1 Species Total                                200      200                  200        200                  130                 130                130             1,190
Group 2 Species Total                                350                 100                             424         10      160                                          1,044

Total Volume (m3)                                    550      200        100       200        200        424       140       160       130                130             2,234



Log Grade :                           Low Grade
                                                                                                 Month
Species / Group                        12/23        11/23    10/23       9/23      8/23       7/23       6/23      5/23      4/23      3/23    2/23      1/23            Total


Calophyllum                                                                                                                                     1,166                     1,166
Kwila                                                                                                                                           3,500                     3,500
Group 1 Species Total                                                                                                                          4,666                      4,666
Mixed Grp Spp. Total                 61,427    58,462       77,557     40,545    62,075    36,063      29,675    63,418    39,618    15,732   62,545    31,432          578,548

Total Volume (m3)                    61,427    58,462       77,557     40,545    62,075    36,063      29,675    63,418    39,618    15,732   67,211    31,432          583,214



Log Grade :                           Dispensation (Diameter 80 cm +)
                                                                                                 Month
Species / Group                        12/23        11/23    10/23       9/23      8/23       7/23       6/23      5/23      4/23      3/23    2/23      1/23            Total


Kwila                                    683         505      1,373       158       879     13,100       2,150                500                                       19,349
Group 1 Species Total                    683         505     1,373       158       879     13,100       2,150                500                                         19,349

Total Volume (m3)                        683         505     1,373       158       879     13,100       2,150                500                                         19,349



Log Grade :                           Dispensation (Diameter 60 -79 cm)
                                                                                                 Month
Species / Group                        12/23        11/23    10/23       9/23      8/23       7/23       6/23      5/23      4/23      3/23    2/23      1/23            Total


Kwila                                    751         547       796        598      1,078      9,200      1,000                400                                       14,370
Group 1 Species Total                    751         547      796        598      1,078     9,200       1,000                400                                         14,370

Total Volume (m3)                        751         547      796        598      1,078     9,200       1,000                400                                         14,370




Report Number 8:                Page 3 of 5 pages      Date Printed:              29/01/2024 10:07:39 AM                                                         8- 3

Page 51 screenshot
Report - Monthly Endorsed Volumes (m3) by Log Grades and Species/Groups      continued




Log Grade :                 Dispensation (Diameter 40 -59 cm)
                                                                                   Month
Species / Group              12/23        11/23   10/23      9/23   8/23        7/23     6/23    5/23   4/23   3/23   2/23   1/23          Total


Kwila                          698         360      513       519    1,345      4,000      350           100                               7,885
Group 1 Species Total          698         360      513      519    1,345     4,000      350            100                                7,885

Total Volume (m3)              698         360      513      519    1,345     4,000      350            100                                7,885




Report Number 8:      Page 4 of 5 pages      Date Printed:          29/01/2024 10:07:40 AM                                          8- 4

Page 52 screenshot
Report - Monthly Endorsed Volumes (m3) by Log Grades and Species/Groups                    continued


Log Grade :                           All Logs
                                                                                                 Month
Species / Group                                                                                                                                                           Total
                                       12/23        11/23    10/23       9/23      8/23       7/23       6/23      5/23      4/23      3/23     2/23      1/23

Burckella                               2,661       1,822     2,564      2,610      992       1,196      1,648     2,737     2,743     1,947     3,473     2,041      26,433
Calophyllum                             7,720       9,445    10,233     11,661     8,589      8,075      6,387     6,775    11,648     6,429    17,065    13,069     117,095
Dillenia                                4,548       4,968     7,734      3,987     4,504      5,768      5,537     3,343     5,828     6,347     5,384     4,457      62,405
Erima                                   3,462       2,499     3,645      3,335     2,424      5,126      1,449     3,104     3,762     2,357     3,585     1,585      36,333
Grey Canarium                           1,608       2,454     1,085       859       743        810        645       568      1,261      332      1,607      891       12,863
Hekakoro                                   30         24        13         16         5         15         10                  25                  15                       153
Kwila                                   6,136    10,178      14,289      3,001    31,923    53,872      11,241    13,094    27,959      766     48,149    16,764     237,371
Lophopetallum/Perupok                    366         321      1,198       427       516        799        161       245       525       112       633       436           5,740
Malas                                  11,094       9,401     4,691     15,103     5,930      9,954      7,484    10,323    19,625    13,050    13,960     8,283     128,898
Pencil Cedar                            5,321       8,563     6,545      4,293     6,125      5,912      3,010     4,985     6,114     4,241     7,536     3,207      65,850
PNG Mersawa                             3,524       5,429     7,927       624      9,732      6,646      2,103     7,707     3,808      472      2,436     3,798      54,206
PNG Walnut                              2,903       2,514     2,966      3,529     1,694      3,898      1,705     2,188     1,789     1,227     3,178     1,428      29,020
Red Canarium                            4,261       5,823     3,330      4,535     2,711      3,217      3,648     3,473     5,716     2,728     5,939     3,487      48,866
Red Planchonella                         268         315       449        187       330        165        217       264       363       107       215       562           3,441
Taun                                   29,596    23,509      26,429     36,817    16,749    24,694      18,735    27,079    30,258    27,809    40,675    10,677     313,028
Teak                                                                                                                           10                                            10
Teak (a) little small (plntn)                        200       200                  200        200                  130                 130                 130           1,190
Teak (b) tiny small (plntn)                          100       100                  100        100                   70      1,013       70      1,129       70           2,752
Teak (c) baby smal (plntn)                                                                                                    168                  71                       239
Teak (d) super small (plntn)                                                                                                    5                                             5
Terminalia                              8,609       5,593     6,877      4,587     5,491      5,427      4,195     5,243     8,349     3,925    11,315     6,454      76,065
White Planchonella                       705         541       319        406       164        396        683       357      1,212      183       890      3,113          8,970

Group 1 Species Total                92,812     93,698 100,593         95,976    98,922 136,268        68,858    91,686 132,181      72,234 167,253      80,452    1,230,933
Group 2 Species Total                  9,136    29,335      12,942     13,990     8,475    11,910      12,145    20,071    21,131     4,390    13,140     8,386      165,053
Group 3 Species Total                11,897     18,765      16,367     22,184     9,731    11,075      12,010    19,569    11,561    12,654    15,096    12,592      173,502
Group 4 Species Total                18,223     24,499      23,862     16,762    20,366    15,782      12,344    19,703    18,435     9,395    21,344    13,721      214,438
Mixed Grp Spp Total                  61,427     58,462      77,557     40,545    62,075    36,063      29,675    63,418    39,618    15,732    62,545    31,432      578,548

Total Volume (m3)                   193,495 224,759 231,322 189,456 199,570 211,098 135,033 214,447 222,925 114,406 279,378 146,584                                 2,362,473




Report Number 8:                Page 5 of 5 pages      Date Printed:              29/01/2024 10:08:07 AM                                                           8- 5

Page 53 screenshot
Monthly Actual Shipped Volumes (m3) by Log Grade and
                     Destination

Log Grade: Super Small - Dispensation
                                                                            Month                                                         12-month        % of
Destination         12/23     11/23     10/23      9/23       8/23      7/23      6/23      5/23      4/23      3/23      2/23     1/23      total        total
China                 1,874                          2,672                                                         794                        5,340     100.0%

Total (m3)           1,874                         2,672                                                          794                         5,340       100%



Log Grade: Small - Dispensation
                                                                            Month                                                         12-month        % of
Destination         12/23     11/23     10/23      9/23       8/23      7/23      6/23      5/23      4/23      3/23      2/23     1/23      total        total
China                 2,311                          2,966                                                         492                        5,769     100.0%

Total (m3)           2,311                         2,966                                                          492                         5,769       100%



Log Grade: Saw/Veneer
                                                                            Month                                                         12-month        % of
Destination         12/23     11/23     10/23      9/23       8/23      7/23      6/23      5/23      4/23      3/23      2/23     1/23      total        total
China               127,144   156,079    85,583    128,619     81,257   130,495   129,252   108,002   102,928   155,097   99,843   134,196 1,438,495     89.7%
India                                                                                         6,316                       11,432    17,014    34,763      2.2%
Japan                                                                               4,834               6,506                                 11,340      0.7%
South Korea           4,500                5,904                1,829     9,200               6,474    10,103     7,940    1,690     6,708    54,348      3.4%
Taiwan                                                          5,040     3,392     2,459                                            9,354    20,245      1.3%
Vietnam               2,204     5,960               11,392      8,633               2,621     7,504     5,834     1,158                       45,306      2.8%

Total (m3)         133,848 162,039      91,487 140,011        96,759 143,086 139,166 128,296 125,371 164,195 112,966 167,273              1,604,496       100%



Log Grade: Regular - Dispensation
                                                                            Month                                                         12-month        % of
Destination         12/23     11/23     10/23      9/23       8/23      7/23      6/23      5/23      4/23      3/23      2/23     1/23      total        total
China                 3,165                          2,016                                                         802                        5,983     100.0%

Total (m3)           3,165                         2,016                                                          802                         5,983       100%



Log Grade: Plantation diam under sap 60+ cm: regular
                                                                            Month                                                         12-month        % of
Destination         12/23     11/23     10/23      9/23       8/23      7/23      6/23      5/23      4/23      3/23      2/23     1/23      total        total
China                                        42                                                                                                  42     100.0%

Total (m3)                                   42                                                                                                  42       100%




Report Number 9:       Page 1 of 4 pages      Date Printed:              29/01/2024 10:19:41 AM                                                        9- 1

Page 54 screenshot
Report - Monthly Actual Shipped Volumes (m3) by Log Grades and Destination       continued


Log Grade: Plantation diam 60+ cm: regular
                                                                        Month                                                      12-month      % of
Destination        12/23     11/23    10/23       9/23       8/23     7/23    6/23       5/23       4/23   3/23     2/23    1/23      total      total
China                   13                                              294                     6                                      313      29.8%
South Korea                                                                                                  645                       645      61.5%
Vietnam                 86                                                           5                                                  91       8.6%

Total (m3)             99                                              294         5          6             645                       1,049      100%



Log Grade: Plantation diam 50 - 59 cm: small
                                                                        Month                                                      12-month      % of
Destination        12/23     11/23    10/23       9/23       8/23     7/23    6/23       5/23       4/23   3/23     2/23    1/23      total      total
China                  303                 105                 211       58                   53                                       729      39.9%
South Korea                                                                                                  251                       251      13.7%
Vietnam                840                                                           5                                                 845      46.3%

Total (m3)          1,143                 105                 211       58         5         53             251                       1,825      100%



Log Grade: Plantation diam 40 - 49 cm: super small
                                                                        Month                                                      12-month      % of
Destination        12/23     11/23    10/23       9/23       8/23     7/23    6/23       5/23       4/23   3/23     2/23    1/23      total      total
China                1,647                1,020               1,277      24                  242                                      4,210     50.6%
South Korea                                                                                                  428                        428      5.1%
Vietnam              2,915                                                       763                                                  3,678     44.2%

Total (m3)          4,561              1,020                 1,277      24      763       242               428                       8,315      100%



Log Grade: Plantation diam 30 - 39 cm: baby small
                                                                        Month                                                      12-month      % of
Destination        12/23     11/23    10/23       9/23       8/23     7/23    6/23       5/23       4/23   3/23     2/23    1/23      total      total
China                4,233                3,034               3,204                       1,556               75                     12,100     71.7%
Vietnam              1,643                                                     3,141                                                  4,784     28.3%

Total (m3)          5,876              3,034                 3,204            3,141      1,556                75                     16,884      100%



Log Grade: Plantation diam 20 - 29 cm: tiny small
                                                                        Month                                                      12-month      % of
Destination        12/23     11/23    10/23       9/23       8/23     7/23    6/23       5/23       4/23   3/23     2/23    1/23      total      total
China                2,177                1,982               2,087                       3,259             1,127                    10,632     72.7%
India                  164      161                 161         222               120                         126     134             1,089      7.5%
Vietnam                                                                         2,896                                                 2,896     19.8%

Total (m3)          2,341      161     1,982        161      2,310            3,016      3,259             1,253     134             14,617      100%



Log Grade: Plantation diam 00 - 19 cm: little small
                                                                        Month                                                      12-month      % of
Destination        12/23     11/23    10/23       9/23       8/23     7/23    6/23       5/23       4/23   3/23     2/23    1/23      total      total
China                  101                  90                 297                           182                                       669      45.9%
India                  119      168                 146         98                83                          80       85              778      53.4%
Vietnam                                                                           11                                                    11       0.7%

Total (m3)            219      168          90      146       395                 94      182                 80       85             1,458      100%




Report Number 9:      Page 2 of 4 pages      Date Printed:             29/01/2024 10:22:43 AM                                                 9- 2

Page 55 screenshot
Report - Monthly Actual Shipped Volumes (m3) by Log Grades and Destination          continued


Log Grade: Low Grade
                                                                          Month                                                              12-month      % of
Destination        12/23     11/23     10/23      9/23       8/23      7/23      6/23      5/23      4/23      3/23      2/23      1/23         total      total
China               54,429    68,559    46,238     30,223     48,498    33,512    55,460    30,247    13,256    39,844    45,848    30,311    496,426     91.7%
India                                                                                                                                5,665      5,665      1.0%
Japan                                                                                                   585                                       585      0.1%
Malaysia                                  3,593                                                                                                 3,593      0.7%
Singapore                                                                3,090                                                                  3,090      0.6%
South Korea          1,244                 815                 1,242     1,030               2,326     2,261                                    8,918      1.6%
Taiwan                                                                   1,161                                                       6,770      7,931      1.5%
Vietnam                        2,882                3,300      1,828               2,412                         4,691                         15,113      2.8%

Total (m3)         55,674    71,441    50,647     33,523     51,567    38,793    57,872    32,573    16,102    44,535    45,848    42,747     541,321      100%



Log Grade: Dispensation (Diameter 80 cm +)
                                                                          Month                                                              12-month      % of
Destination        12/23     11/23     10/23      9/23       8/23      7/23      6/23      5/23      4/23      3/23      2/23      1/23         total      total
China                                              10,635                2,200                          564       624                          14,023     79.6%
India                                                          3,604                                                                            3,604     20.4%

Total (m3)                                        10,635      3,604     2,200                          564       624                           17,627      100%



Log Grade: Dispensation (Diameter 60 -79 cm)
                                                                          Month                                                              12-month      % of
Destination        12/23     11/23     10/23      9/23       8/23      7/23      6/23      5/23      4/23      3/23      2/23      1/23         total      total
China                                               6,432                 947                           405      1,452                          9,237     70.3%
India                                                          3,904                                                                            3,904     29.7%

Total (m3)                                         6,432      3,904      947                           405      1,452                          13,141      100%



Log Grade: Dispensation (Diameter 40 -59 cm)
                                                                          Month                                                              12-month      % of
Destination        12/23     11/23     10/23      9/23       8/23      7/23      6/23      5/23      4/23      3/23      2/23      1/23         total      total
China                                               4,010                 346                           130      2,202                          6,689     81.7%
India                                                          1,497                                                                            1,497     18.3%

Total (m3)                                         4,010      1,497      346                           130      2,202                           8,185      100%




Report Number 9:      Page 3 of 4 pages      Date Printed:              29/01/2024 10:24:40 AM                                                          9- 3

Page 56 screenshot
Report - Monthly Actual Shipped Volumes (m3) by Log Grade and Destination             continued


Log Grade: All Logs
                                                                            Month                                                           12-month % of
Destination        12/23    11/23     10/23       9/23     8/23         7/23      6/23      5/23      4/23      3/23      2/23      1/23       total total
China           197,396    224,638   138,093    187,573   136,831      167,876   184,713   143,545   117,284   202,509   145,691   164,507 2,010,655    89.5%
India                282      329                   307        9,325                203      6,316                206     11,651   22,680     51,300     2.3%
Japan                                                                              4,834               7,091                                  11,925     0.5%
Malaysia                               3,593                                                                                                    3,593    0.2%
Singapore                                                                3,090                                                                  3,090    0.1%
South Korea        5,744               6,720                   3,070    10,229               8,800    12,364     9,264     1,690    6,708     64,590     2.9%
Taiwan                                                         5,040     4,553     2,459                                           16,125     28,176     1.3%
Vietnam            7,688     8,842               14,692    10,461                 11,853     7,504     5,834     5,849                        72,722     3.2%

Grand Total 211,110 233,809 148,405 202,572 164,727 185,749 204,061 166,165 142,572 217,828 159,033 210,020                                 2,246,052   100%




Report Number 9:       Page 4 of 4 pages       Date Printed:               29/01/2024 10:26:39 AM                                                       9- 4

Page 57 screenshot
        Monthly Average Actual Export Prices (USD) by Log
                     Grade and Destination

Log Grade : Super Small - Dispensation
                                                                                   Month
Destination                   12/23       11/23    10/23      9/23     8/23     7/23    6/23    5/23     4/23     3/23     2/23     1/23     Average
China                         130.00                          170.00                                              130.00                         150.02

Ave. Price (USD)            130.00                           170.00                                              130.00                         150.02


Log Grade : Small - Dispensation
                                                                                   Month
Destination                   12/23       11/23    10/23      9/23     8/23     7/23    6/23    5/23     4/23     3/23     2/23     1/23     Average
China                         170.00                          130.00                                              170.00                         149.43

Ave. Price (USD)            170.00                           130.00                                              170.00                         149.43


Log Grade : Saw/Veneer
                                                                                   Month
Destination                   12/23       11/23    10/23      9/23     8/23     7/23    6/23    5/23     4/23     3/23     2/23     1/23     Average
China                          94.48      80.02    92.99       98.30   106.06   85.43   87.91    89.63   91.37     89.63   102.97    94.80        91.92
India                                                                                           230.00                     250.00   254.53       248.58
Japan                                                                                   76.72            81.19                                    79.28
South Korea                    70.83               73.93                74.53   74.55            74.47   72.50     80.20    87.29    82.20        75.95
Taiwan                                                                  87.09   70.01   73.80                                        91.29        84.56
Vietnam                        76.79      70.74                70.56    66.37           72.72    70.40   59.67     65.00                          68.64

Ave. Price (USD)              93.40       79.68   91.76       96.04 100.94      84.36   86.99   94.65    87.85    89.00 117.62 110.34            93.93


Log Grade : Regular - Dispensation
                                                                                   Month
Destination                   12/23       11/23    10/23      9/23     8/23     7/23    6/23    5/23     4/23     3/23     2/23     1/23     Average
China                         197.73                          200.00                                              200.00                         198.80

Ave. Price (USD)            197.73                           200.00                                              200.00                         198.80


Log Grade : Plantation diam under sap 60+ cm: regular
                                                                                   Month
Destination                   12/23       11/23    10/23      9/23     8/23     7/23    6/23    5/23     4/23     3/23     2/23     1/23     Average
China                                              90.00                                                                                          90.00

Ave. Price (USD)                                  90.00                                                                                          90.00




Notes: All prices are USD FOB per cubic metre; dates of prices from Bills of Lading
Report Number 10:     Page 1 of 4 pages      Date Printed:             29/01/2024 10:29:33 AM                                           10- 1

Page 58 screenshot
Report - Monthly Average Actual Export Prices (USD) by Log Grade and Destination           continued




Log Grade : Plantation diam 60+ cm: regular
                                                                                     Month
Destination                    12/23       11/23     10/23    9/23      8/23       7/23        6/23    5/23     4/23    3/23     2/23     1/23   Average
China                          130.00                                              80.00               146.00                                          83.32
South Korea                                                                                                              90.00                         90.00
Vietnam                        130.00                                                         153.00                                                  131.25

Ave. Price (USD)             130.00                                                80.00 153.00 146.00                  90.00                         91.57


Log Grade : Plantation diam 50 - 59 cm: small
                                                                                     Month
Destination                    12/23       11/23     10/23    9/23      8/23       7/23        6/23    5/23     4/23    3/23     2/23     1/23   Average
China                          125.57                134.00             134.00     70.00               136.00                                         125.53
South Korea                                                                                                              80.00                         80.00
Vietnam                        121.24                                                         133.00                                                  121.31

Ave. Price (USD)             122.39                 134.00             134.00      70.00 133.00 136.00                  80.00                        117.32


Log Grade : Plantation diam 40 - 49 cm: super small
                                                                                     Month
Destination                    12/23       11/23     10/23    9/23      8/23       7/23        6/23    5/23     4/23    3/23     2/23     1/23   Average
China                          102.69                100.78             109.00     60.00               112.20                                         104.44
South Korea                                                                                                              70.00                         70.00
Vietnam                        101.45                                                         115.00                                                  104.26

Ave. Price (USD)             101.90                 100.78             109.00      60.00 115.00 112.20                  70.00                        102.59


Log Grade : Plantation diam 30 - 39 cm: baby small
                                                                                     Month
Destination                    12/23       11/23     10/23    9/23      8/23       7/23        6/23    5/23     4/23    3/23     2/23     1/23   Average
China                           76.90                 82.00              84.00                          94.62           160.00                         82.85
Vietnam                         76.00                                                          95.00                                                   88.47

Ave. Price (USD)               76.65                 82.00              84.00                 95.00    94.62           160.00                         84.44


Log Grade : Plantation diam 20 - 29 cm: tiny small
                                                                                     Month
Destination                    12/23       11/23     10/23    9/23      8/23       7/23        6/23    5/23     4/23    3/23     2/23     1/23   Average
China                           58.00                 60.00              63.00                          85.06           140.00                         76.34
India                          250.00      250.00             250.00    250.00                250.00                    250.00   250.00               250.00
Vietnam                                                                                        63.50                                                   63.50

Ave. Price (USD)               71.43 250.00          60.00 250.00       80.99                 70.94    85.06           151.09 250.00                  86.74




Notes: All prices are USD FOB per cubic metre; dates of prices from Bills of Lading
Report Number 10:      Page 2 of 4 pages      Date Printed:             29/01/2024 10:29:58 AM                                               10- 2

Page 59 screenshot
Report - Monthly Average Actual Export Prices (USD) by Log Grade and Destination            continued




Log Grade : Plantation diam 00 - 19 cm: little small
                                                                                      Month
Destination                    12/23       11/23    10/23      9/23     8/23       7/23         6/23    5/23     4/23      3/23     2/23     1/23     Average
China                           28.00               28.00                31.00                          39.76                                              32.52
India                          250.00      250.00              250.00   250.00                 250.00                      250.00   250.00                250.00
Vietnam                                                                                         38.00                                                      38.00

Ave. Price (USD)             148.09 250.00          28.00 250.00        85.26                225.88     39.76             250.00 250.00                  148.64


Log Grade : Low Grade
                                                                                      Month
Destination                    12/23       11/23    10/23      9/23     8/23       7/23         6/23    5/23     4/23      3/23     2/23     1/23     Average
China                           51.05       50.53   52.09       50.93    50.04      50.33       61.57   50.00     61.57     56.36    53.75    53.49        53.14
India                                                                                                                                        200.00       200.00
Japan                                                                                                             50.00                                    50.00
Malaysia                                            45.00                                                                                                  45.00
Singapore                                                                           50.00                                                                  50.00
South Korea                     50.00               50.00                50.00      50.00               50.00     50.00                                    50.00
Taiwan                                                                              50.00                                                     50.00        50.00
Vietnam                                     50.00               50.00    50.00                  50.00                       50.00                          50.00

Ave. Price (USD)               51.02       50.51    51.55     50.84     50.04      50.29       61.08    50.00    59.52     55.69    53.75    72.36        54.41


Log Grade : Dispensation (Diameter 80 cm +)
                                                                                      Month
Destination                    12/23       11/23    10/23      9/23     8/23       7/23         6/23    5/23     4/23      3/23     2/23     1/23     Average
China                                                          190.00              190.00                        200.00    200.00                         190.85
India                                                                   190.00                                                                            190.00

Ave. Price (USD)                                              190.00 190.00 190.00                              200.00 200.00                            190.67


Log Grade : Dispensation (Diameter 60 -79 cm)
                                                                                      Month
Destination                    12/23       11/23    10/23      9/23     8/23       7/23         6/23    5/23     4/23      3/23     2/23     1/23     Average
China                                                          170.00              170.00                        170.00    170.00                         170.00
India                                                                   170.00                                                                            170.00

Ave. Price (USD)                                              170.00 170.00 170.00                              170.00 170.00                            170.00


Log Grade : Dispensation (Diameter 40 -59 cm)
                                                                                      Month
Destination                    12/23       11/23    10/23      9/23     8/23       7/23         6/23    5/23     4/23      3/23     2/23     1/23     Average
China                                                          130.00              130.00                        130.00    130.00                         130.00
India                                                                   130.00                                                                            130.00

Ave. Price (USD)                                              130.00 130.00 130.00                              130.00 130.00                            130.00




Notes: All prices are USD FOB per cubic metre; dates of prices from Bills of Lading
Report Number 10:      Page 3 of 4 pages      Date Printed:             29/01/2024 10:30:29 AM                                                   10- 3

Page 60 screenshot
Report - Monthly Average Actual Export Prices (USD) by Log Grade and Destination           continued

Log Grade : All Logs
                                                                                      Month
Destination                    12/23       11/23    10/23     9/23     8/23        7/23        6/23    5/23     4/23    3/23     2/23     1/23     Average

China                          84.69        71.02    78.63    101.62    84.94      80.34       80.00    81.23   88.84    85.54    87.48    87.19        84.04

India                         250.00       250.00             250.00   174.05                 250.00   230.00           250.00   250.00   240.91       229.71

Japan                                                                                          76.72            78.62                                   77.85

Malaysia                                             45.00                                                                                              45.00

Singapore                                                                          50.00                                                                50.00

South Korea                    66.32                 71.03              64.61      72.08                68.00   68.39    80.40    87.29    82.20        72.48

Taiwan                                                                  87.09      64.91       73.80                                       73.95        74.83

Vietnam                        91.42        63.98              65.94    63.51                  74.50    70.40   59.67    52.97                          68.35


Ave. Price (USD)               84.65       71.01    77.47     99.26    88.31       79.00      79.70    85.69    85.37   84.60    99.39 102.61          86.27




Notes: All prices are USD FOB per cubic metre; dates of prices from Bills of Lading

Report Number 10:      Page 4 of 4 pages      Date Printed:            29/01/2024 10:31:21 AM                                                  10- 4

Page 61 screenshot
    Monthly Actual Shipped Volumes (m3) by Export Company and Project
Report printed 29/01/2024 10:31:44 AM



                                                                                                                                          Month
Co. Grouping Exporter                              Site Code                                                                                                                                           12-month
                                                                                          12/23    11/23    10/23      9/23    8/23     7/23  6/23        5/23    4/23    3/23     2/23        1/23        total

Active Forest Limited
                  Active Forest Limited           Cloudy Bay (FMA 60301)                   5,500   11,918             6,647            8,850             5,500                                21,217        59,631
                  Total for Exporter: Active Forest Limited                                5,500   11,918             6,647            8,850             5,500                               21,217        59,631
                  Per Cent of Grand Total                                                   2.6%     5.1%              3.3%             4.8%              3.3%                                 10.1%         2.6%
Total for Active Forest Limited                                                            5,500   11,918             6,647            8,850             5,500                               21,217        59,631
Per Cent of Grand Total                                                                     2.6%     5.1%              3.3%             4.8%              3.3%                                 10.1%         2.6%
Amanab 56 Timber Investments Ltd
                  Amanab 56 Timber Investments Amanab Blocks 5 & 6 FMA (61002)            15,504             7,733   16,772   10,006            6,029   13,524                                13,246        82,814
                  Total for Exporter: Amanab 56 Timber Investments Ltd                    15,504             7,733   16,772 10,006              6,029   13,524                               13,246        82,814
                  Per Cent of Grand Total                                                   7.3%              5.2%     8.3%     6.1%             3.0%     8.1%                                  6.3%         3.7%
Total for Amanab 56 Timber Investments Ltd                                                15,504             7,733   16,772 10,006              6,029   13,524                               13,246        82,814
Per Cent of Grand Total                                                                     7.3%              5.2%     8.3%     6.1%             3.0%     8.1%                                  6.3%         3.7%
Amanab Forest Products Ltd
                  Amanab Forest Products Ltd    Amanab Blocks 1-4 FMA (61001)                                        19,142    9,005   7,199                     8,405    7,513   21,899      14,979        88,143
                  Total for Exporter: Amanab Forest Products Ltd                                                     19,142   9,005    7,199                     8,405   7,513 21,899 14,979               88,143
                  Per Cent of Grand Total                                                                              9.4%     5.5%    3.9%                      5.9%     3.3%   13.2%         7.1%         3.9%
Total for Amanab Forest Products Ltd                                                                                 19,142   9,005    7,199                     8,405   7,513 21,899        14,979        88,143
Per Cent of Grand Total                                                                                                9.4%     5.5%    3.9%                      5.9%     3.3%   13.2%         7.1%         3.9%
Aset Meriah (PNG) Ltd
                  Kulawood Limited              Woodlark Intergrated Project (FCA 70      10,676            13,488                     4,144   15,461            8,504   10,051               15,126        77,450
                  Total for Exporter: Kulawood Limited                                    10,676            13,488                     4,144   15,461            8,504 10,051                15,126        77,450
                  Per Cent of Grand Total                                                   5.1%              9.1%                      2.2%     7.6%             6.0%     4.5%                 7.2%         3.4%
                  Milton Ltd                       Mosa - Leim TP (11457)                           1,467                                       1,708                                                           3,174
                                                   Tegi Agriculture Timber - (TA 14-87)               765    1,318    3,515                     2,266                                                           7,865
                  Total for Exporter: Milton Ltd                                                    2,232    1,318    3,515                     3,974                                                      11,039
                  Per Cent of Grand Total                                                            1.0%     0.9%     1.7%                      1.9%                                                        0.5%



         11- 1                                                                                                                                                      Report Number 11:      Page 1 of 10 pages

Page 62 screenshot
Report - Monthly Actual Shipped Volumes (m3) by Export Company and Project     continued




                                                                                                                                           Month                                                          12-month
Co. Grouping Exporter                            SiteCode
                                                                                           12/23    11/23    10/23    9/23     8/23     7/23  6/23        5/23     4/23     3/23     2/23       1/23          total

Total for Aset Meriah (PNG) Ltd                                                            10,676    2,232 14,807      3,515            4,144    19,434             8,504 10,051                15,126        88,489
Per Cent of Grand Total                                                                      5.1%     1.0%    10.0%     1.7%              2.2%     9.5%              6.0%     4.5%                 7.2%         3.9%
BDSL Shipping Ltd
              BDSL Shipping Ltd             Wari Intergrated Agri. (TA 10-130)                                                                                               2,977                                 2,977
              Total for Exporter: BDSL Shipping Ltd                                                                                                                         2,977                              2,977
              Per Cent of Grand Total                                                                                                                                         1.3%                              0.1%
Total for BDSL Shipping Ltd                                                                                                                                                 2,977                              2,977
Per Cent of Grand Total                                                                                                                                                       1.3%                              0.1%
Cakara Alam (PNG) Ltd
              Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 6140             3,224            40,691   28,214    5,493   13,914   25,580   18,807   15,332             8,801       8,477      168,532
              Total for Exporter: Cakara Alam (PNG) Ltd                                     3,224            40,691   28,214   5,493 13,914      25,580   18,807   15,332            8,801       8,477       168,532
              Per Cent of Grand Total                                                        1.5%             27.4%    13.9%    3.3%      7.5%    12.5%    11.3%    10.8%              5.3%        4.0%         7.5%
              Tzen Niugini Ltd                   Cape Offord (TP 11548)                                       1,250                                                                                                1,250
                                                 Illi Wawas/Masarau (FCA 71502)                               8,849                                                                                                8,849
              Total for Exporter: Tzen Niugini Ltd                                                           10,099                                                                                           10,099
              Per Cent of Grand Total                                                                          6.8%                                                                                             0.4%
Total for Cakara Alam (PNG) Ltd                                                             3,224            50,790   28,214   5,493 13,914      25,580   18,807   15,332            8,801       8,477      178,631
Per Cent of Grand Total                                                                      1.5%             34.2%    13.9%    3.3%      7.5%    12.5%    11.3%    10.8%              5.3%        4.0%        7.9%
Continental Alliance Ltd
              Continental Alliance Ltd        Wagana Wagasu Agro Forestry (FCA 7            5,219                               3,876    2,136             2,480      572    3,840                             18,122
              Total for Exporter: Continental Alliance Ltd                                  5,219                              3,876    2,136              2,480     572    3,840                             18,122
              Per Cent of Grand Total                                                        2.5%                               2.4%      1.1%              1.5%     0.4%     1.7%                              0.8%
Total for Continental Alliance Ltd                                                          5,219                              3,876    2,136              2,480     572    3,840                             18,122
Per Cent of Grand Total                                                                      2.5%                               2.4%      1.1%              1.5%     0.4%     1.7%                              0.8%
CS Boss International Ltd
              Stettin Bay Lumber Co. Ltd         Ania Kapiura Consolidated (11452)          7,438   15,032    4,325             2,063   14,002    8,782    5,880             6,073                4,399        67,994
                                                 Ania Kapuira Forest Pltn (TP 11403)                                                                         104                                                  104
              Total for Exporter: Stettin Bay Lumber Co. Ltd                                7,438   15,032    4,325            2,063 14,002       8,782    5,984            6,073                4,399        68,098
              Per Cent of Grand Total                                                        3.5%     6.4%     2.9%             1.3%      7.5%     4.3%     3.6%              2.7%                 2.1%         3.0%
Total for CS Boss International Ltd                                                         7,438   15,032    4,325            2,063 14,002       8,782    5,984            6,073                4,399        68,098
Per Cent of Grand Total                                                                      3.5%     6.4%     2.9%             1.3%      7.5%     4.3%     3.6%              2.7%                 2.1%         3.0%
East Papua Timber Resources Ltd
              East Papua Timber Resources Lt Brown River/Kuriva (10337)                       282      329               307     320                203                       206      219                         1,868
              Total for Exporter: East Papua Timber Resources Ltd                            282      329               307      320               203                        206      219                     1,868
              Per Cent of Grand Total                                                        0.1%     0.1%              0.2%    0.2%               0.1%                       0.1%     0.1%                     0.1%

      11- 2                                                                                                                                                            Report Number 11:      Page 2 of 10 pages

Page 63 screenshot
Report - Monthly Actual Shipped Volumes (m3) by Export Company and Project   continued




                                                                                                                                       Month                                                      12-month
Co. Grouping Exporter                            SiteCode
                                                                                         12/23    11/23    10/23   9/23    8/23     7/23  6/23      5/23   4/23     3/23     2/23       1/23          total

Total for East Papua Timber Resources Ltd                                                  282      329              307     320             203                      206      219                     1,868
Per Cent of Grand Total                                                                    0.1%     0.1%            0.2%    0.2%             0.1%                    0.1%      0.1%                     0.1%
Emo Holdings Limited
              Emo Holdings Limited           Moile Integrated Agri. (FCA 10 -14)          6,369                             3,358                                                                          9,727
              Total for Exporter: Emo Holdings Limited                                    6,369                            3,358                                                                       9,727
              Per Cent of Grand Total                                                      3.0%                             2.0%                                                                        0.4%
Total for Emo Holdings Limited                                                            6,369                            3,358                                                                       9,727
Per Cent of Grand Total                                                                    3.0%                             2.0%                                                                        0.4%
Everwin Enterprises Ltd
              Everwin Enterprises Ltd        Morobe Coast TRP (TP 11335) Mopi                                               8,244                                            15,168       5,330        28,742
              Total for Exporter: Everwin Enterprises Ltd                                                                  8,244                                             15,168      5,330        28,742
              Per Cent of Grand Total                                                                                       5.0%                                               9.1%        2.5%         1.3%
Total for Everwin Enterprises Ltd                                                                                          8,244                                             15,168      5,330        28,742
Per Cent of Grand Total                                                                                                     5.0%                                               9.1%        2.5%         1.3%
Firstmark Limited
              Firstmark Limited               Kupiano - Marshall Lagoon (TP 3-36)                  7,702                    5,029   13,188                  5,834                                      31,753
              Total for Exporter: Firstmark Limited                                                7,702                   5,029 13,188                    5,834                                      31,753
              Per Cent of Grand Total                                                               3.3%                    3.1%      7.1%                  4.1%                                        1.4%
Total for Firstmark Limited                                                                        7,702                   5,029 13,188                    5,834                                      31,753
Per Cent of Grand Total                                                                             3.3%                    3.1%      7.1%                  4.1%                                        1.4%
GL Niugini Pty Ltd
              GL Niugini Pty Ltd              East Awin (FMA 60101)                                                                                                           5,201                        5,201
              Total for Exporter: GL Niugini Pty Ltd                                                                                                                          5,201                    5,201
              Per Cent of Grand Total                                                                                                                                          3.1%                     0.2%
Total for GL Niugini Pty Ltd                                                                                                                                                  5,201                    5,201
Per Cent of Grand Total                                                                                                                                                        3.1%                     0.2%
Global Elite Ltd
              Global Elite Ltd                 Wammy Inter. Agro Forestry (FCA710         3,721                             1,044                                    3,218                                 7,982
              Total for Exporter: Global Elite Ltd                                        3,721                            1,044                                    3,218                              7,982
              Per Cent of Grand Total                                                      1.8%                             0.6%                                     1.4%                               0.4%
Total for Global Elite Ltd                                                                3,721                            1,044                                    3,218                              7,982
Per Cent of Grand Total                                                                    1.8%                             0.6%                                     1.4%                               0.4%




      11- 3                                                                                                                                                   Report Number 11:       Page 3 of 10 pages

Page 64 screenshot
Report - Monthly Actual Shipped Volumes (m3) by Export Company and Project    continued




                                                                                                                                          Month                                                          12-month
Co. Grouping Exporter                            SiteCode
                                                                                          12/23    11/23    10/23    9/23     8/23     7/23  6/23        5/23     4/23     3/23     2/23       1/23          total

Golden Rise Investment Ltd
              Golden Rise Investment Ltd      Raicoast TP (11218)                                  14,547             3,300                                                                                   17,847
              Total for Exporter: Golden Rise Investment Ltd                                       14,547             3,300                                                                                  17,847
              Per Cent of Grand Total                                                                6.2%              1.6%                                                                                    0.8%
Total for Golden Rise Investment Ltd                                                               14,547             3,300                                                                                  17,847
Per Cent of Grand Total                                                                              6.2%              1.6%                                                                                    0.8%
Green Point Limited
              Green Point Limited             Ania Integrated Agri (FCA 71517)                     11,097                                       10,562   10,448            24,008                             56,115
              Total for Exporter: Green Point Limited                                              11,097                                       10,562   10,448            24,008                            56,115
              Per Cent of Grand Total                                                                4.7%                                         5.2%     6.3%             10.6%                              2.5%
Total for Green Point Limited                                                                      11,097                                       10,562   10,448            24,008                            56,115
Per Cent of Grand Total                                                                              4.7%                                         5.2%     6.3%             10.6%                              2.5%
IFL Investment Ltd
              IFL Investment Ltd             Bonua Magarida TRP (10328)                            10,618            10,476                     15,065                      6,581   16,033                    58,773
              Total for Exporter: IFL Investment Ltd                                               10,618            10,476                     15,065                      6,581 16,033                     58,773
              Per Cent of Grand Total                                                                4.5%              5.2%                       7.4%                       2.9%     9.7%                     2.6%
Total for IFL Investment Ltd                                                                       10,618            10,476                     15,065                      6,581 16,033                     58,773
Per Cent of Grand Total                                                                              4.5%              5.2%                       7.4%                       2.9%     9.7%                     2.6%
Joinland Management (PNG) Ltd
              Joinland Management (PNG) Lt Kamdaru-Siaman-Lamasa (TP 11635)                           724                               1,512    1,791             4,932                           820         9,779
                                                 Lak TRP Project (TP 11643)                         8,986                               9,354    3,445    1,037   23,639   11,217   13,429       1,375        72,482
              Total for Exporter: Joinland Management (PNG) Ltd                                     9,709                              10,867    5,236    1,037   28,571 11,217 13,429          2,195        82,261
              Per Cent of Grand Total                                                                4.2%                                5.9%     2.6%     0.6%    20.0%     5.0%     8.1%        1.0%         3.6%
Total for Joinland Management (PNG) Ltd                                                             9,709                              10,867    5,236    1,037   28,571 11,217 13,429          2,195        82,261
Per Cent of Grand Total                                                                              4.2%                                5.9%     2.6%     0.6%    20.0%     5.0%     8.1%        1.0%         3.6%
KK Connections Ltd
              KK Connections Ltd                 Mengen Integrated (FCA 71522)             2,204               257    9,115    2,235    3,084    1,041    7,392    1,143    2,098    3,547       2,815        34,929
                                                 Taraiwara(Ext) Agro Reforest.(FCA 71                       13,468    3,723      553   15,979    1,669   10,376   10,845            11,331       2,376        70,319
                                                 Utnari Land Agro-Forestry (FCA 7152                         2,594      173      222    6,829      672    3,072    6,046    4,723    4,909                    29,240
                                                 Vunapalading Teak Pln (TA 15-94)                                                                         1,064             1,202                              2,266
              Total for Exporter: KK Connections Ltd                                       2,204            16,318   13,012   3,009 25,891       3,381   21,905   18,035    8,022 19,786        5,190       136,753
              Per Cent of Grand Total                                                       1.0%             11.0%     6.4%    1.8%     13.9%     1.7%    13.2%    12.6%     3.6%   11.9%         2.5%         6.0%
Total for KK Connections Ltd                                                               2,204            16,318   13,012   3,009 25,891       3,381   21,905   18,035    8,022 19,786        5,190      136,753
Per Cent of Grand Total                                                                     1.0%             11.0%     6.4%    1.8%     13.9%     1.7%    13.2%    12.6%     3.6%   11.9%         2.5%        6.0%



      11- 4                                                                                                                                                           Report Number 11:      Page 4 of 10 pages

Page 65 screenshot
Report - Monthly Actual Shipped Volumes (m3) by Export Company and Project   continued




                                                                                                                                         Month                                                      12-month
Co. Grouping Exporter                            SiteCode
                                                                                         12/23    11/23    10/23    9/23     8/23     7/23  6/23       5/23   4/23   3/23     2/23        1/23          total

Logohu Limited
              Logohu Limited                 Mussau TRP Project (TP 11641)                        10,129                      5,217                                            21,539      10,479        47,364
              Total for Exporter: Logohu Limited                                                  10,129                     5,217                                            21,539 10,479             47,364
              Per Cent of Grand Total                                                               4.3%                      3.2%                                             13.0%         5.0%         2.1%
Total for Logohu Limited                                                                          10,129                     5,217                                            21,539      10,479        47,364
Per Cent of Grand Total                                                                             4.3%                      3.2%                                             13.0%         5.0%         2.1%
Low Impact Logging Ltd
              Low Impact Logging Ltd         Buhem Mongi Busiga (11338)                                                                                                         1,725                        1,725
              Total for Exporter: Low Impact Logging Ltd                                                                                                                       1,725                     1,725
              Per Cent of Grand Total                                                                                                                                            1.0%                     0.1%
Total for Low Impact Logging Ltd                                                                                                                                               1,725                     1,725
Per Cent of Grand Total                                                                                                                                                          1.0%                     0.1%
Lucky 99 (PNG) Ltd
              Lucky 99 (PNG) Ltd                 Rakona/Aimorao Road No.1 (TA 13-2          635                                                5,856                            1,201       5,433        13,125
                                                 Wasu Export point (TA 13-280)            3,701                                                                                                           3,701
                                                 Wasu Export Point 13-281                                   2,994                                                                                         2,994
              Total for Exporter: Lucky 99 (PNG) Ltd                                      4,336             2,994                              5,856                           1,201       5,433        19,819
              Per Cent of Grand Total                                                      2.1%              2.0%                               2.9%                             0.7%        2.6%         0.9%
Total for Lucky 99 (PNG) Ltd                                                              4,336             2,994                              5,856                           1,201       5,433        19,819
Per Cent of Grand Total                                                                    2.1%              2.0%                               2.9%                             0.7%        2.6%         0.9%
Lucky Logging Limited
              Wasu Resource Ltd             Wasu Cattle farm (FCA 13-03)                  5,345            10,106                              8,614                            2,130       6,533        32,729
              Total for Exporter: Wasu Resource Ltd                                       5,345            10,106                              8,614                           2,130       6,533        32,729
              Per Cent of Grand Total                                                      2.5%              6.8%                               4.2%                             1.3%        3.1%         1.4%
Total for Lucky Logging Limited                                                           5,345            10,106                              8,614                           2,130       6,533        32,729
Per Cent of Grand Total                                                                    2.5%              6.8%                               4.2%                             1.3%        3.1%         1.4%
Mekar (PNG) Limited
              Mekar (PNG) Limited           Aliai-Sisimi-Hargy Consolidated TP 11                                    7,774            13,064                                               17,527        38,365
              Total for Exporter: Mekar (PNG) Limited                                                               7,774             13,064                                              17,527        38,365
              Per Cent of Grand Total                                                                                3.8%               7.0%                                                 8.3%         1.7%
Total for Mekar (PNG) Limited                                                                                       7,774             13,064                                              17,527        38,365
Per Cent of Grand Total                                                                                              3.8%               7.0%                                                 8.3%         1.7%




      11- 5                                                                                                                                                      Report Number 11:      Page 5 of 10 pages

Page 66 screenshot
Report - Monthly Actual Shipped Volumes (m3) by Export Company and Project   continued




                                                                                                                                         Month                                                         12-month
Co. Grouping Exporter                            SiteCode
                                                                                         12/23    11/23    10/23    9/23     8/23     7/23  6/23        5/23     4/23   3/23      2/23       1/23          total

Millennium Corporation Ltd
              Millennium Corporation Ltd     East Ferguson TRP (10404)                    7,276    4,686             3,169    1,593    3,190                                                                19,914
              Total for Exporter: Millennium Corporation Ltd                              7,276    4,686            3,169    1,593    3,190                                                                19,914
              Per Cent of Grand Total                                                      3.4%     2.0%              1.6%     1.0%     1.7%                                                                 0.9%
Total for Millennium Corporation Ltd                                                      7,276    4,686            3,169    1,593    3,190                                                                19,914
Per Cent of Grand Total                                                                    3.4%     2.0%              1.6%     1.0%     1.7%                                                                 0.9%
Milton Limited
              Milton Ltd                     Morevona -Agro Forestry (FCA 71403)                            7,631                               9,428                     1,292                3,224        21,574
              Total for Exporter: Milton Ltd                                                                7,631                               9,428                    1,292                3,224        21,574
              Per Cent of Grand Total                                                                        5.1%                                4.6%                      0.6%                 1.5%         1.0%
Total for Milton Limited                                                                                    7,631                               9,428                    1,292                3,224        21,574
Per Cent of Grand Total                                                                                      5.1%                                4.6%                      0.6%                 1.5%         1.0%
Musa Century Limited
              Musa Century Limited          Lower Musa Agro, (FCA 70505)                 16,092    9,380            11,383   11,093   24,199             6,610            3,622    5,668      12,124      100,170
              Total for Exporter: Musa Century Limited                                   16,092    9,380            11,383 11,093 24,199                6,610            3,622     5,668 12,124           100,170
              Per Cent of Grand Total                                                      7.6%     4.0%              5.6%     6.7%   13.0%              4.0%              1.6%     3.4%        5.8%         4.4%
Total for Musa Century Limited                                                           16,092    9,380            11,383 11,093 24,199                6,610            3,622     5,668     12,124      100,170
Per Cent of Grand Total                                                                    7.6%     4.0%              5.6%     6.7%   13.0%              4.0%              1.6%     3.4%        5.8%        4.4%
Northern Forest Products Ltd
              Northern Forest Products Ltd Wanigela Tree Plantation (FCA 70506)          10,320   17,938             5,500    8,250    4,662   14,399                             10,090                    71,158
              Total for Exporter: Northern Forest Products Ltd                           10,320   17,938            5,500    8,250    4,662    14,399                             10,090                   71,158
              Per Cent of Grand Total                                                      4.9%     7.7%              2.7%     5.0%     2.5%     7.1%                               6.1%                     3.1%
Total for Northern Forest Products Ltd                                                   10,320   17,938            5,500    8,250    4,662    14,399                             10,090                   71,158
Per Cent of Grand Total                                                                    4.9%     7.7%              2.7%     5.0%     2.5%     7.1%                               6.1%                     3.1%
Open Bay Timber Ltd
              Open Bay Timber Ltd            Open Bay Consolidated [Pltn] (TP 115        13,957             6,015             7,076             6,820    4,128                                              37,996
              Total for Exporter: Open Bay Timber Ltd                                    13,957             6,015            7,076              6,820   4,128                                              37,996
              Per Cent of Grand Total                                                      6.6%              4.1%              4.3%              3.3%    2.5%                                                1.7%
Total for Open Bay Timber Ltd                                                            13,957             6,015            7,076              6,820   4,128                                              37,996
Per Cent of Grand Total                                                                    6.6%              4.1%              4.3%              3.3%    2.5%                                                1.7%
Oro Wood Industry Ltd
              Oro Wood Industry Ltd          Ifane Agro-Forest Project - (FCA 7050        4,816    8,012             1,608    3,833    6,023    7,281                                                       31,573
              Total for Exporter: Oro Wood Industry Ltd                                   4,816    8,012            1,608    3,833    6,023     7,281                                                      31,573
              Per Cent of Grand Total                                                      2.3%     3.4%              0.8%     2.3%     3.2%     3.6%                                                        1.4%


      11- 6                                                                                                                                                         Report Number 11:      Page 6 of 10 pages

Page 67 screenshot
Report - Monthly Actual Shipped Volumes (m3) by Export Company and Project     continued




                                                                                                                                           Month                                                        12-month
Co. Grouping Exporter                            SiteCode
                                                                                           12/23    11/23    10/23    9/23     8/23     7/23  6/23      5/23     4/23     3/23     2/23       1/23          total

Total for Oro Wood Industry Ltd                                                             4,816    8,012             1,608   3,833    6,023   7,281                                                       31,573
Per Cent of Grand Total                                                                      2.3%     3.4%              0.8%     2.3%    3.2%    3.6%                                                         1.4%
Pacific Region Development Ltd
              Pacific Region Development Ltd Bergberg Extn TRP (11512)                      2,258                      3,029                             3,185    4,389    4,754                             17,615
                                                 Senbam Cons. (TP 11552)                   20,884                      5,618   15,093                    5,644    2,193    6,914   11,726                    68,073
                                                 Tokai Matong (TP 11545)                    5,048                      8,478                             6,365    8,169   10,902                             38,962
                                                 Waterfall bay Extn CONS.TRP(TP 11          7,311                               6,500                    4,316    3,868    3,435                             25,430
              Total for Exporter: Pacific Region Development Ltd                           35,501                     17,125 21,593                     19,510   18,619 26,006 11,726                      150,080
              Per Cent of Grand Total                                                       16.8%                       8.5%   13.1%                     11.7%    13.1%   11.5%      7.1%                     6.6%
Total for Pacific Region Development Ltd                                                   35,501                     17,125 21,593                     19,510   18,619 26,006 11,726                     150,080
Per Cent of Grand Total                                                                     16.8%                       8.5%   13.1%                     11.7%    13.1%   11.5%      7.1%                    6.6%
PJ Plantation Limited
              PH Plantation Limited           Idam Siawi Agro-Forest Pro. (FCA 710          8,823                                                                                                                8,823
              Total for Exporter: PH Plantation Limited                                     8,823                                                                                                            8,823
              Per Cent of Grand Total                                                        4.2%                                                                                                             0.4%
              PJ Plantation Limited           Idam Siawi Agro-Forest Pro. (FCA 710                            3,593    7,654                                                                                 11,247
              Total for Exporter: PJ Plantation Limited                                                       3,593    7,654                                                                                11,247
              Per Cent of Grand Total                                                                          2.4%     3.8%                                                                                  0.5%
Total for PJ Plantation Limited                                                             8,823             3,593    7,654                                                                                20,071
Per Cent of Grand Total                                                                      4.2%              2.4%     3.8%                                                                                  0.9%
PL Connection Ltd
              PL Connection Ltd                  Inland Pomio - Rabaul (TP 15-49)                    2,714                                                                                                       2,714
                                                 Nutuve TP (11559)                                   2,074                                                                 2,119                                 4,193
                                                 Suikol Intergrated Agro (FCA 71513)                 5,195                                                                 4,105                                 9,299
              Total for Exporter: PL Connection Ltd                                                  9,982                                                                6,224                             16,206
              Per Cent of Grand Total                                                                 4.3%                                                                 2.8%                               0.7%
Total for PL Connection Ltd                                                                          9,982                                                                6,224                             16,206
Per Cent of Grand Total                                                                               4.3%                                                                 2.8%                               0.7%
Reach Niugini Construction
              Reach Niugini Construction     Gara Modewa TRP (TP 10406)                              6,808                                      7,541                      7,022                4,434        25,805
              Total for Exporter: Reach Niugini Construction                                         6,808                                      7,541                     7,022                4,434        25,805
              Per Cent of Grand Total                                                                 2.9%                                       3.7%                      3.1%                  2.1%         1.1%
Total for Reach Niugini Construction                                                                 6,808                                      7,541                     7,022                4,434        25,805
Per Cent of Grand Total                                                                               2.9%                                       3.7%                      3.1%                  2.1%         1.1%



      11- 7                                                                                                                                                         Report Number 11:       Page 7 of 10 pages

Page 68 screenshot
Report - Monthly Actual Shipped Volumes (m3) by Export Company and Project   continued




                                                                                                                                         Month                                                       12-month
Co. Grouping Exporter                            SiteCode
                                                                                         12/23    11/23    10/23    9/23     8/23     7/23  6/23       5/23     4/23     3/23     2/23     1/23          total

Rimbunan Hijau (PNG) Ltd
              Niugini Lumber Merchants Ltd Andru Johana (LFA 21410)                       3,030      746                      2,210    3,315                     9,842   14,711             11,080        44,933
                                                 Ania Kapiura Consolidated (11452)                 5,407                               3,639            5,817            10,639                           25,502
                                                 Asengseng Consolidated FMA (61401)       8,645    3,073                      4,789   10,811            6,808             5,228             11,821        51,175
                                                 Awio Amgen LFA (21409)                                                                                   202             2,732              3,165         6,100
              Total for Exporter: Niugini Lumber Merchants Ltd                           11,675    9,226                      6,999 17,764             12,827   9,842 33,311               26,066       127,709
              Per Cent of Grand Total                                                      5.5%     3.9%                       4.2%     9.6%             7.7%    6.9%     14.8%              12.4%         5.6%
              Wawoi Guavi Timber Co Ltd     Wawoi Guavi (10107)                                    8,037    7,591             4,114                     7,807             9,894              7,829        45,271
              Total for Exporter: Wawoi Guavi Timber Co Ltd                                        8,037    7,591             4,114                     7,807             9,894             7,829        45,271
              Per Cent of Grand Total                                                               3.4%     5.1%              2.5%                      4.7%              4.4%               3.7%         2.0%
Total for Rimbunan Hijau (PNG) Ltd                                                       11,675   17,263    7,591            11,113 17,764             20,633   9,842 43,205               33,895      172,980
Per Cent of Grand Total                                                                    5.5%     7.4%     5.1%              6.7%     9.6%            12.4%    6.9%     19.2%              16.1%        7.7%
Samas Ltd
              Samas Ltd                     Aitape Lumi Consolidated FMA (6100                     8,643                                                7,116            18,395                           34,154
              Total for Exporter: Samas Ltd                                                        8,643                                                7,116            18,395                          34,154
              Per Cent of Grand Total                                                               3.7%                                                 4.3%              8.2%                            1.5%
Total for Samas Ltd                                                                                8,643                                                7,116            18,395                          34,154
Per Cent of Grand Total                                                                             3.7%                                                 4.3%              8.2%                            1.5%
Summit Agriculture Ltd
              Summit Agriculture Ltd             Angoram Intergrated (FCA 71104)          9,677                              11,351    9,002            7,094                                             37,123
                                                 Gweing Wagasu Agro-Forestry (FCA 7       1,317                               2,686                                       1,205                            5,207
                                                 Wewak/Turubu (FCA 71103)                 3,034                               3,375                              3,399   14,306                           24,114
              Total for Exporter: Summit Agriculture Ltd                                 14,027                              17,412   9,002             7,094   3,399 15,511                             66,444
              Per Cent of Grand Total                                                      6.6%                               10.6%     4.8%             4.3%    2.4%      6.9%                            2.9%
Total for Summit Agriculture Ltd                                                         14,027                              17,412   9,002             7,094   3,399 15,511                             66,444
Per Cent of Grand Total                                                                    6.6%                               10.6%     4.8%             4.3%    2.4%      6.9%                            2.9%
Sunland Limited
              Sunland Limited                Idam siawi Agro-Forest Pro. (FCA 710                                    3,887                     4,954                      7,967                           16,808
              Total for Exporter: Sunland Limited                                                                   3,887                      4,954                      7,967                          16,808
              Per Cent of Grand Total                                                                                1.9%                       2.4%                       3.5%                            0.7%
Total for Sunland Limited                                                                                           3,887                      4,954                      7,967                          16,808
Per Cent of Grand Total                                                                                              1.9%                       2.4%                       3.5%                            0.7%




      11- 8                                                                                                                                                        Report Number 11:     Page 8 of 10 pages

Page 69 screenshot
Report - Monthly Actual Shipped Volumes (m3) by Export Company and Project   continued




                                                                                                                                       Month                                                         12-month
Co. Grouping Exporter                            SiteCode
                                                                                         12/23    11/23    10/23    9/23     8/23   7/23  6/23       5/23     4/23     3/23     2/23       1/23          total

Tutuman Development Ltd
              Millionplus Corporation Ltd     Konoagil Inter.Agri.Proj. (FCA 71603)                4,235                            2,155    4,982    7,545   12,214   12,595    5,952      21,059        70,736
              Total for Exporter: Millionplus Corporation Ltd                                      4,235                            2,155    4,982   7,545    12,214 12,595     5,952 21,059             70,736
              Per Cent of Grand Total                                                               1.8%                             1.2%     2.4%    4.5%      8.6%    5.6%     3.6%        10.0%         3.1%
Total for Tutuman Development Ltd                                                                  4,235                            2,155    4,982   7,545    12,214 12,595     5,952      21,059        70,736
Per Cent of Grand Total                                                                             1.8%                             1.2%     2.4%    4.5%      8.6%    5.6%     3.6%        10.0%         3.1%
Uni Rise Ltd
              Lawrence Wood Ltd             Lolo Block 2 (LFA 21403)                                                                                  6,753                                  5,154        11,907
              Total for Exporter: Lawrence Wood Ltd                                                                                                  6,753                                  5,154        11,907
              Per Cent of Grand Total                                                                                                                 4.1%                                    2.5%         0.5%
Total for Uni Rise Ltd                                                                                                                               6,753                                  5,154        11,907
Per Cent of Grand Total                                                                                                                               4.1%                                    2.5%         0.5%
Vanimo Jaya Ltd
              Mekar (PNG) Ltd               Lote Kamlang - FCA 15-18)                              4,759                                                                                                      4,759
              Total for Exporter: Mekar (PNG) Ltd                                                  4,759                                                                                                  4,759
              Per Cent of Grand Total                                                               2.0%                                                                                                   0.2%
              Noble Investment Limited           Agulu Reserve (FCA 14-04)                                                          1,133                                                                     1,133
                                                 Rainforest Hwy (TA 14-82)                                                          1,384                                                                     1,384
              Total for Exporter: Noble Investment Limited                                                                          2,517                                                                 2,517
              Per Cent of Grand Total                                                                                                1.4%                                                                  0.1%
              Sentawan (PNG) Ltd                 DANFU Block 12,13,14,15&18 (1164                          16,502                                      857                                                17,359
                                                 Danfu Extension TRP (16-44)                                                                 9,207                                                         9,207
              Total for Exporter: Sentawan (PNG) Ltd                                                       16,502                            9,207     857                                               26,566
              Per Cent of Grand Total                                                                       11.1%                             4.5%    0.5%                                                 1.2%
              Vanimo Jaya Ltd                Makapa Timber Area (TP1-9)                  18,807   22,003            24,505                  25,420                                                        90,735
              Total for Exporter: Vanimo Jaya Ltd                                        18,807   22,003            24,505                  25,420                                                       90,735
              Per Cent of Grand Total                                                      8.9%     9.4%             12.1%                   12.5%                                                         4.0%
              VJ Holdings Ltd                 Ulamona consolidated TP (11443)                                                       1,993                                                                     1,993
              Total for Exporter: VJ Holdings Ltd                                                                                   1,993                                                                 1,993
              Per Cent of Grand Total                                                                                                1.1%                                                                  0.1%
Total for Vanimo Jaya Ltd                                                                18,807   26,761 16,502     24,505          4,510   34,627     857                                             126,569
Per Cent of Grand Total                                                                    8.9%    11.4%    11.1%    12.1%           2.4%    17.0%    0.5%                                                5.6%




      11- 9                                                                                                                                                      Report Number 11:       Page 9 of 10 pages

Page 70 screenshot
Report - Monthly Actual Shipped Volumes (m3) by Export Company and Project   continued




                                                                                                                                       Month                                                     12-month
Co. Grouping Exporter                            SiteCode
                                                                                         12/23   11/23    10/23   9/23     8/23     7/23  6/23      5/23     4/23     3/23    2/23       1/23        total

Viva Success Ltd
             Viva Success Ltd                Central New Ireland LFA 16-01                       10,619           18,581    7,919                    6,235   13,247                                    56,601
             Total for Exporter: Viva Success Ltd                                                10,619           18,581    7,919                   6,235    13,247                                   56,601
             Per Cent of Grand Total                                                               4.5%             9.2%     4.8%                    3.8%      9.3%                                     2.5%
Total for Viva Success Ltd                                                                       10,619           18,581    7,919                   6,235    13,247                                   56,601
Per Cent of Grand Total                                                                            4.5%             9.2%     4.8%                    3.8%      9.3%                                     2.5%
Woodbank Pacific Ltd
             Woodbank Pacific Ltd                Kumil TP (11222)                                16,170                    14,293           5,285                               4,522                  40,271
                                                 Vanimo Block 3,4 & 5 (TP 11011)                                                                                                  927                     927
             Total for Exporter: Woodbank Pacific Ltd                                            16,170                    14,293           5,285                              5,449                  41,197
             Per Cent of Grand Total                                                               6.9%                      8.7%            2.6%                                3.3%                   1.8%
Total for Woodbank Pacific Ltd                                                                   16,170                    14,293           5,285                              5,449                  41,197
Per Cent of Grand Total                                                                            6.9%                      8.7%            2.6%                                3.3%                   1.8%
Woodland Enterprse Limited
             Woodland Enterprise Limited West Gurney TRP(TP4-05)                                                            3,889     989                                                                  4,878
             Total for Exporter: Woodland Enterprise Limited                                                                3,889    989                                                               4,878
             Per Cent of Grand Total                                                                                         2.4%    0.5%                                                               0.2%
Total for Woodland Enterprse Limited                                                                                        3,889    989                                                               4,878
Per Cent of Grand Total                                                                                                      2.4%    0.5%                                                               0.2%

Grand Total:                                                                         211,110 233,809 148,405 202,572 164,727 185,749 204,061 166,165 142,572 225,544 166,016 210,020              2,260,752




      11- 10                                                                                                                                                     Report Number 11:   Page 10 of 10 pages

Page 71 screenshot
Log Exports by Project Site (Volume and Value) for December - 2023, and Year to Date
Date printed: 29/01/2024 10:31:54 AM
                                                                                --------------------------- December / 2023 -------------------------       --------------------------- Year to Date ------------------------------
Co. Grouping             Exporter            Site Code                          No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                                Value, K

Active Forest Limited
                         Active Forest Limited
                                             Cloudy Bay (FMA 60301)                     1                    5,499.804             1,679,547.79                       9                 59,631.343              17,213,328.22
                         Total for Exporter: Active Forest Limited                    1                     5,499.804             1,679,547.79                      9                  59,631.343             17,213,328.22
                         Per Cent of Grand Total                                   1.7%                         2.6%                     2.6%                    1.6%                       2.6%                      2.5%
Total for Active Forest Limited                                                      1                     5,499.804            1,679,547.79                       9                 59,631.343             17,213,328.22
Per Cent of Grand Total                                                          1.7%                          2.6%                    2.6%                     1.6%                      2.6%                      2.5%
Amanab 56 Timber Investments Ltd
                         Amanab 56 Timber Investments Ltd
                                             Amanab Blocks 5 & 6 FMA (61002)            3                   15,503.519            12,086,300.45                      16                 82,814.289              65,528,893.08
                         Total for Exporter: Amanab 56 Timber Investments Ltd         3                   15,503.519            12,086,300.45                      16                  82,814.289             65,528,893.08
                         Per Cent of Grand Total                                   5.2%                        7.3%                    18.6%                     2.8%                       3.7%                      9.6%
Total for Amanab 56 Timber Investments Ltd                                           3                   15,503.519           12,086,300.45                        16                82,814.289             65,528,893.08
Per Cent of Grand Total                                                          5.2%                         7.3%                   18.6%                      2.8%                      3.7%                      9.6%
Amanab Forest Products Ltd
                         Amanab Forest Products Ltd
                                             Amanab Blocks 1-4 FMA (61001)                                                                                           15                 88,142.922              65,384,314.12
                         Total for Exporter: Amanab Forest Products Ltd                                                                                            15                  88,142.922             65,384,314.12
                         Per Cent of Grand Total                                                                                                                 2.6%                       3.9%                      9.6%
Total for Amanab Forest Products Ltd                                                                                                                               15                88,142.922             65,384,314.12
Per Cent of Grand Total                                                                                                                                         2.6%                      3.9%                      9.6%


 12- 1                                                                                                                                                  Report Number 12:       Page 1 of 13 pages

Page 72 screenshot
Field163:
REPORT - Log Exports by Project Site (Volume and Value) for December - 2023, and Cumulative Year to Date (to 31-December-2023)                Continued
                                                                                      --------------------------- December / 2023 -------------------------       --------------------------- Year to Date -----------------------------
Co. Grouping         Exporter             SiteCode                                    No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                                Value, K

Aset Meriah (PNG) Ltd
                     Kulawood Limited
                                          Woodlark Intergrated Project (FCA 70401)            2                   10,675.939             2,497,029.14                      13                 77,450.240              18,110,268.70
                     Total for Exporter: Kulawood Limited                                   2                   10,675.939              2,497,029.14                     13                  77,450.240             18,110,268.70
                     Per Cent of Grand Total                                             3.4%                        5.1%                      3.8%                    2.3%                       3.4%                      2.7%
                     Milton Ltd
                                          Mosa - Leim TP (11457)                                                                                                            2                   3,174.240                 650,390.23
                                          Tegi Agriculture Timber - (TA 14-87)                                                                                              5                   7,864.850               1,690,648.31
                     Total for Exporter: Milton Ltd                                                                                                                       7                  11,039.090               2,341,038.54
                     Per Cent of Grand Total                                                                                                                           1.2%                       0.5%                       0.3%
Total for Aset Meriah (PNG) Ltd                                                            2                   10,675.939             2,497,029.14                       20                88,489.330             20,451,307.25
Per Cent of Grand Total                                                                3.4%                         5.1%                     3.8%                     3.5%                      3.9%                      3.0%
BDSL Shipping Ltd
                     BDSL Shipping Ltd
                                          Wari Intergrated Agri. (TA 10-130)                                                                                                1                   2,976.714               1,596,880.57
                     Total for Exporter: BDSL Shipping Ltd                                                                                                                1                   2,976.714               1,596,880.57
                     Per Cent of Grand Total                                                                                                                           0.2%                       0.1%                       0.2%
Total for BDSL Shipping Ltd                                                                                                                                              1                   2,976.714              1,596,880.57
Per Cent of Grand Total                                                                                                                                               0.2%                       0.1%                      0.2%
Cakara Alam (PNG) Ltd
                     Cakara Alam (PNG) Ltd
                                          Rottock Bay Consolidated (FMA 61402)                3                    3,223.564                724,110.28                     55                168,532.344              40,160,820.82
                     Total for Exporter: Cakara Alam (PNG) Ltd                              3                     3,223.564               724,110.28                     55                168,532.344              40,160,820.82
                     Per Cent of Grand Total                                             5.2%                         1.5%                     1.1%                    9.5%                      7.5%                       5.9%
                     Tzen Niugini Ltd
                                          Cape Offord (TP 11548)                                                                                                            1                   1,249.821                 357,719.86
                                          Illi Wawas/Masarau (FCA 71502)                                                                                                    2                   8,849.083               2,365,946.75
                     Total for Exporter: Tzen Niugini Ltd                                                                                                                 3                  10,098.904               2,723,666.61
                     Per Cent of Grand Total                                                                                                                           0.5%                       0.4%                       0.4%


 12- 2                                                                                                                                                        Report Number 12:       Page 2 of 13 pages

Page 73 screenshot
Field163:
REPORT - Log Exports by Project Site (Volume and Value) for December - 2023, and Cumulative Year to Date (to 31-December-2023)                Continued
                                                                                      --------------------------- December / 2023 -------------------------       --------------------------- Year to Date -----------------------------
Co. Grouping         Exporter             SiteCode                                    No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                                Value, K

Total for Cakara Alam (PNG) Ltd                                                            3                     3,223.564               724,110.28                     58               178,631.248              42,884,487.43
Per Cent of Grand Total                                                                5.2%                          1.5%                     1.1%                  10.1%                      7.9%                       6.3%
Continental Alliance Ltd
                     Continental Alliance Ltd
                                          Wagana Wagasu Agro Forestry (FCA 71013)             2                    5,219.050             1,136,042.52                      12                 18,121.514                3,911,323.03
                     Total for Exporter: Continental Alliance Ltd                           2                     5,219.050             1,136,042.52                     12                  18,121.514               3,911,323.03
                     Per Cent of Grand Total                                             3.4%                         2.5%                     1.7%                    2.1%                       0.8%                       0.6%
Total for Continental Alliance Ltd                                                         2                     5,219.050            1,136,042.52                       12                18,121.514               3,911,323.03
Per Cent of Grand Total                                                                3.4%                          2.5%                    1.7%                     2.1%                      0.8%                       0.6%
CS Boss International Ltd
                     Stettin Bay Lumber Co. Ltd
                                          Ania Kapiura Consolidated (11452)                   3                    7,437.758             1,989,326.75                      21                 67,994.489              18,725,611.38
                                          Ania Kapuira Forest Pltn (TP 11403)                                                                                               1                    103.932                  86,152.47
                     Total for Exporter: Stettin Bay Lumber Co. Ltd                         3                     7,437.758             1,989,326.75                     22                  68,098.421             18,811,763.85
                     Per Cent of Grand Total                                             5.2%                         3.5%                     3.1%                    3.8%                       3.0%                      2.8%
Total for CS Boss International Ltd                                                        3                     7,437.758            1,989,326.75                       22                68,098.421             18,811,763.85
Per Cent of Grand Total                                                                5.2%                          3.5%                    3.1%                     3.8%                      3.0%                      2.8%
East Papua Timber Resources Ltd
                     East Papua Timber Resources Ltd
                                          Brown River/Kuriva (10337)                          1                       282.304               267,840.61                      7                   1,867.522               1,718,094.37
                     Total for Exporter: East Papua Timber Resources Ltd                    1                       282.304               267,840.61                      7                   1,867.522               1,718,094.37
                     Per Cent of Grand Total                                             1.7%                         0.1%                     0.4%                    1.2%                       0.1%                       0.3%
Total for East Papua Timber Resources Ltd                                                  1                       282.304               267,840.61                      7                   1,867.522              1,718,094.37
Per Cent of Grand Total                                                                1.7%                          0.1%                     0.4%                    1.2%                       0.1%                      0.3%
Emo Holdings Limited
                     Emo Holdings Limited
                                          Moile Integrated Agri. (FCA 10 -14)                 1                    6,368.822             1,894,593.06                       2                   9,726.711               3,486,190.37
                     Total for Exporter: Emo Holdings Limited                               1                     6,368.822             1,894,593.06                      2                   9,726.711               3,486,190.37
                     Per Cent of Grand Total                                             1.7%                         3.0%                     2.9%                    0.3%                       0.4%                       0.5%
 12- 3                                                                                                                                                        Report Number 12:       Page 3 of 13 pages

Page 74 screenshot
Field163:
REPORT - Log Exports by Project Site (Volume and Value) for December - 2023, and Cumulative Year to Date (to 31-December-2023)                Continued
                                                                                      --------------------------- December / 2023 -------------------------       --------------------------- Year to Date -----------------------------
Co. Grouping         Exporter             SiteCode                                    No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                                Value, K

Total for Emo Holdings Limited                                                             1                     6,368.822            1,894,593.06                       2                   9,726.711              3,486,190.37
Per Cent of Grand Total                                                                1.7%                          3.0%                    2.9%                     0.3%                       0.4%                      0.5%
Everwin Enterprises Ltd
                     Everwin Enterprises Ltd
                                          Morobe Coast TRP (TP 11335) Mopi Camp                                                                                             4                 28,742.168                6,628,985.59
                     Total for Exporter: Everwin Enterprises Ltd                                                                                                          4                  28,742.168               6,628,985.59
                     Per Cent of Grand Total                                                                                                                           0.7%                       1.3%                       1.0%
Total for Everwin Enterprises Ltd                                                                                                                                        4                 28,742.168               6,628,985.59
Per Cent of Grand Total                                                                                                                                               0.7%                      1.3%                       1.0%
Firstmark Limited
                     Firstmark Limited
                                          Kupiano - Marshall Lagoon (TP 3-36)                                                                                               5                 31,753.153                6,746,527.68
                     Total for Exporter: Firstmark Limited                                                                                                                5                  31,753.153               6,746,527.68
                     Per Cent of Grand Total                                                                                                                           0.9%                       1.4%                       1.0%
Total for Firstmark Limited                                                                                                                                              5                 31,753.153               6,746,527.68
Per Cent of Grand Total                                                                                                                                               0.9%                      1.4%                       1.0%
GL Niugini Pty Ltd
                     GL Niugini Pty Ltd
                                          East Awin (FMA 60101)                                                                                                             1                   5,200.731               1,561,374.70
                     Total for Exporter: GL Niugini Pty Ltd                                                                                                               1                   5,200.731               1,561,374.70
                     Per Cent of Grand Total                                                                                                                           0.2%                       0.2%                       0.2%
Total for GL Niugini Pty Ltd                                                                                                                                             1                   5,200.731              1,561,374.70
Per Cent of Grand Total                                                                                                                                               0.2%                       0.2%                      0.2%
Global Elite Ltd
                     Global Elite Ltd
                                          Wammy Inter. Agro Forestry (FCA71007)               3                    3,720.995                772,814.93                      7                   7,982.242               1,698,134.75
                     Total for Exporter: Global Elite Ltd                                   3                     3,720.995               772,814.93                      7                   7,982.242               1,698,134.75
                     Per Cent of Grand Total                                             5.2%                         1.8%                     1.2%                    1.2%                       0.4%                       0.2%

 12- 4                                                                                                                                                        Report Number 12:       Page 4 of 13 pages

Page 75 screenshot
Field163:
REPORT - Log Exports by Project Site (Volume and Value) for December - 2023, and Cumulative Year to Date (to 31-December-2023)                Continued
                                                                                      --------------------------- December / 2023 -------------------------       --------------------------- Year to Date -----------------------------
Co. Grouping         Exporter             SiteCode                                    No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                                Value, K

Total for Global Elite Ltd                                                                 3                     3,720.995               772,814.93                      7                   7,982.242              1,698,134.75
Per Cent of Grand Total                                                                5.2%                          1.8%                     1.2%                    1.2%                       0.4%                      0.2%
Golden Rise Investment Ltd
                     Golden Rise Investment Ltd
                                          Raicoast TP (11218)                                                                                                               4                 17,847.040                3,602,096.40
                     Total for Exporter: Golden Rise Investment Ltd                                                                                                       4                  17,847.040               3,602,096.40
                     Per Cent of Grand Total                                                                                                                           0.7%                       0.8%                       0.5%
Total for Golden Rise Investment Ltd                                                                                                                                     4                 17,847.040               3,602,096.40
Per Cent of Grand Total                                                                                                                                               0.7%                      0.8%                       0.5%
Green Point Limited
                     Green Point Limited
                                          Ania Integrated Agri (FCA 71517)                                                                                                  8                 56,115.354              14,408,393.27
                     Total for Exporter: Green Point Limited                                                                                                              8                  56,115.354             14,408,393.27
                     Per Cent of Grand Total                                                                                                                           1.4%                       2.5%                      2.1%
Total for Green Point Limited                                                                                                                                            8                 56,115.354             14,408,393.27
Per Cent of Grand Total                                                                                                                                               1.4%                      2.5%                      2.1%
IFL Investment Ltd
                     IFL Investment Ltd
                                          Bonua Magarida TRP (10328)                                                                                                        7                 58,772.738              15,933,631.31
                     Total for Exporter: IFL Investment Ltd                                                                                                               7                  58,772.738             15,933,631.31
                     Per Cent of Grand Total                                                                                                                           1.2%                       2.6%                      2.3%
Total for IFL Investment Ltd                                                                                                                                             7                 58,772.738             15,933,631.31
Per Cent of Grand Total                                                                                                                                               1.2%                      2.6%                      2.3%
Joinland Management (PNG) Ltd
                     Joinland Management (PNG) Ltd
                                          Kamdaru-Siaman-Lamasa (TP 11635)                                                                                                  7                  9,778.941               2,557,774.83
                                          Lak TRP Project (TP 11643)                                                                                                       22                 72,482.015              19,969,980.51
                     Total for Exporter: Joinland Management (PNG) Ltd                                                                                                   29                  82,260.956             22,527,755.34
                     Per Cent of Grand Total                                                                                                                           5.0%                       3.6%                      3.3%
 12- 5                                                                                                                                                        Report Number 12:       Page 5 of 13 pages

Page 76 screenshot
Field163:
REPORT - Log Exports by Project Site (Volume and Value) for December - 2023, and Cumulative Year to Date (to 31-December-2023)                Continued
                                                                                      --------------------------- December / 2023 -------------------------       --------------------------- Year to Date -----------------------------
Co. Grouping         Exporter             SiteCode                                    No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                                Value, K

Total for Joinland Management (PNG) Ltd                                                                                                                                  29                82,260.956             22,527,755.34
Per Cent of Grand Total                                                                                                                                               5.0%                      3.6%                      3.3%
KK Connections Ltd
                     KK Connections Ltd
                                          Mengen Integrated (FCA 71522)                       1                    2,203.832                580,553.07                     15                 34,929.215               8,289,458.36
                                          Taraiwara(Ext) Agro Reforest.(FCA 71514)                                                                                         16                 70,318.540              17,715,538.42
                                          Utnari Land Agro-Forestry (FCA 71521)                                                                                            14                 29,240.019               7,713,404.28
                                          Vunapalading Teak Pln (TA 15-94)                                                                                                  2                  2,265.702               1,035,764.70
                     Total for Exporter: KK Connections Ltd                                 1                     2,203.832               580,553.07                     47                136,753.476              34,754,165.76
                     Per Cent of Grand Total                                             1.7%                         1.0%                     0.9%                    8.1%                      6.0%                       5.1%
Total for KK Connections Ltd                                                               1                     2,203.832               580,553.07                      47              136,753.476              34,754,165.76
Per Cent of Grand Total                                                                1.7%                          1.0%                     0.9%                    8.1%                     6.0%                       5.1%
Logohu Limited
                     Logohu Limited
                                          Mussau TRP Project (TP 11641)                                                                                                     5                 47,364.182              12,686,418.95
                     Total for Exporter: Logohu Limited                                                                                                                   5                  47,364.182             12,686,418.95
                     Per Cent of Grand Total                                                                                                                           0.9%                       2.1%                      1.9%
Total for Logohu Limited                                                                                                                                                 5                 47,364.182             12,686,418.95
Per Cent of Grand Total                                                                                                                                               0.9%                      2.1%                      1.9%
Low Impact Logging Ltd
                     Low Impact Logging Ltd
                                          Buhem Mongi Busiga (11338)                                                                                                        1                   1,724.518                 295,800.69
                     Total for Exporter: Low Impact Logging Ltd                                                                                                           1                   1,724.518                 295,800.69
                     Per Cent of Grand Total                                                                                                                           0.2%                       0.1%                       0.0%
Total for Low Impact Logging Ltd                                                                                                                                         1                   1,724.518                 295,800.69
Per Cent of Grand Total                                                                                                                                               0.2%                       0.1%                       0.0%
Lucky 99 (PNG) Ltd
                     Lucky 99 (PNG) Ltd
                                          Rakona/Aimorao Road No.1 (TA 13-279)                1                       635.042               217,448.35                      5                 13,124.599                3,139,856.30

 12- 6                                                                                                                                                        Report Number 12:       Page 6 of 13 pages

Page 77 screenshot
Field163:
REPORT - Log Exports by Project Site (Volume and Value) for December - 2023, and Cumulative Year to Date (to 31-December-2023)                Continued
                                                                                      --------------------------- December / 2023 -------------------------       --------------------------- Year to Date -----------------------------
Co. Grouping         Exporter             SiteCode                                    No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                                Value, K

                                          Wasu Export point (TA 13-280)                       1                    3,701.009             1,092,162.54                       1                   3,701.009               1,092,162.54
                                          Wasu Export Point 13-281                                                                                                          1                   2,993.876                 699,551.00
                     Total for Exporter: Lucky 99 (PNG) Ltd                                 2                     4,336.051             1,309,610.89                      7                  19,819.484               4,931,569.83
                     Per Cent of Grand Total                                             3.4%                         2.1%                     2.0%                    1.2%                       0.9%                       0.7%
Total for Lucky 99 (PNG) Ltd                                                               2                     4,336.051            1,309,610.89                       7                 19,819.484               4,931,569.83
Per Cent of Grand Total                                                                3.4%                          2.1%                    2.0%                     1.2%                      0.9%                       0.7%
Lucky Logging Limited
                     Wasu Resource Ltd
                                          Wasu Cattle farm (FCA 13-03)                        2                    5,344.917             1,310,684.02                       8                 32,728.716                7,595,957.86
                     Total for Exporter: Wasu Resource Ltd                                  2                     5,344.917             1,310,684.02                      8                  32,728.716               7,595,957.86
                     Per Cent of Grand Total                                             3.4%                         2.5%                     2.0%                    1.4%                       1.4%                       1.1%
Total for Lucky Logging Limited                                                            2                     5,344.917            1,310,684.02                       8                 32,728.716               7,595,957.86
Per Cent of Grand Total                                                                3.4%                          2.5%                    2.0%                     1.4%                      1.4%                       1.1%
Mekar (PNG) Limited
                     Mekar (PNG) Limited
                                          Aliai-Sisimi-Hargy Consolidated TP 11438                                                                                          6                 38,364.702                9,587,673.07
                     Total for Exporter: Mekar (PNG) Limited                                                                                                              6                  38,364.702               9,587,673.07
                     Per Cent of Grand Total                                                                                                                           1.0%                       1.7%                       1.4%
Total for Mekar (PNG) Limited                                                                                                                                            6                 38,364.702               9,587,673.07
Per Cent of Grand Total                                                                                                                                               1.0%                      1.7%                       1.4%
Millennium Corporation Ltd
                     Millennium Corporation Ltd
                                          East Ferguson TRP (10404)                           1                    7,276.205             1,981,802.28                       7                 19,913.969                5,227,965.08
                     Total for Exporter: Millennium Corporation Ltd                         1                     7,276.205             1,981,802.28                      7                  19,913.969               5,227,965.08
                     Per Cent of Grand Total                                             1.7%                         3.4%                     3.1%                    1.2%                       0.9%                       0.8%
Total for Millennium Corporation Ltd                                                       1                     7,276.205            1,981,802.28                       7                 19,913.969               5,227,965.08
Per Cent of Grand Total                                                                1.7%                          3.4%                    3.1%                     1.2%                      0.9%                       0.8%



 12- 7                                                                                                                                                        Report Number 12:       Page 7 of 13 pages

Page 78 screenshot
Field163:
REPORT - Log Exports by Project Site (Volume and Value) for December - 2023, and Cumulative Year to Date (to 31-December-2023)                Continued
                                                                                      --------------------------- December / 2023 -------------------------       --------------------------- Year to Date -----------------------------
Co. Grouping         Exporter             SiteCode                                    No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                                Value, K

Milton Limited
                     Milton Ltd
                                          Morevona -Agro Forestry (FCA 71403)                                                                                               7                 21,574.264                4,518,408.83
                     Total for Exporter: Milton Ltd                                                                                                                       7                  21,574.264               4,518,408.83
                     Per Cent of Grand Total                                                                                                                           1.2%                       1.0%                       0.7%
Total for Milton Limited                                                                                                                                                 7                 21,574.264               4,518,408.83
Per Cent of Grand Total                                                                                                                                               1.2%                      1.0%                       0.7%
Musa Century Limited
                     Musa Century Limited
                                          Lower Musa Agro, (FCA 70505)                        2                   16,091.839             5,074,616.29                      25                100,169.647              30,782,049.76
                     Total for Exporter: Musa Century Limited                               2                   16,091.839              5,074,616.29                     25                100,169.647              30,782,049.76
                     Per Cent of Grand Total                                             3.4%                        7.6%                      7.8%                    4.3%                      4.4%                       4.5%
Total for Musa Century Limited                                                             2                   16,091.839             5,074,616.29                       25              100,169.647              30,782,049.76
Per Cent of Grand Total                                                                3.4%                         7.6%                     7.8%                     4.3%                     4.4%                       4.5%
Northern Forest Products Ltd
                     Northern Forest Products Ltd
                                          Wanigela Tree Plantation (FCA 70506)                3                   10,319.680             2,517,373.08                      12                 71,157.720              17,703,074.68
                     Total for Exporter: Northern Forest Products Ltd                       3                   10,319.680              2,517,373.08                     12                  71,157.720             17,703,074.68
                     Per Cent of Grand Total                                             5.2%                        4.9%                      3.9%                    2.1%                       3.1%                      2.6%
Total for Northern Forest Products Ltd                                                     3                   10,319.680             2,517,373.08                       12                71,157.720             17,703,074.68
Per Cent of Grand Total                                                                5.2%                         4.9%                     3.9%                     2.1%                      3.1%                      2.6%
Open Bay Timber Ltd
                     Open Bay Timber Ltd
                                          Open Bay Consolidated [Pltn] (TP 11501)             7                   13,957.022             4,546,212.08                      14                 37,996.090              11,306,642.62
                     Total for Exporter: Open Bay Timber Ltd                               7                    13,957.022              4,546,212.08                     14                  37,996.090             11,306,642.62
                     Per Cent of Grand Total                                           12.1%                         6.6%                      7.0%                    2.4%                       1.7%                      1.7%
Total for Open Bay Timber Ltd                                                              7                   13,957.022             4,546,212.08                       14                37,996.090             11,306,642.62
Per Cent of Grand Total                                                               12.1%                         6.6%                     7.0%                     2.4%                      1.7%                      1.7%


 12- 8                                                                                                                                                        Report Number 12:       Page 8 of 13 pages

Page 79 screenshot
Field163:
REPORT - Log Exports by Project Site (Volume and Value) for December - 2023, and Cumulative Year to Date (to 31-December-2023)                Continued
                                                                                      --------------------------- December / 2023 -------------------------       --------------------------- Year to Date -----------------------------
Co. Grouping         Exporter             SiteCode                                    No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                                Value, K

Oro Wood Industry Ltd
                     Oro Wood Industry Ltd
                                          Ifane Agro-Forest Project - (FCA 70503)             2                    4,816.050             1,226,933.30                       7                 31,573.110                8,797,276.27
                     Total for Exporter: Oro Wood Industry Ltd                              2                     4,816.050             1,226,933.30                      7                  31,573.110               8,797,276.27
                     Per Cent of Grand Total                                             3.4%                         2.3%                     1.9%                    1.2%                       1.4%                       1.3%
Total for Oro Wood Industry Ltd                                                            2                     4,816.050            1,226,933.30                       7                 31,573.110               8,797,276.27
Per Cent of Grand Total                                                                3.4%                          2.3%                    1.9%                     1.2%                      1.4%                       1.3%
Pacific Region Development Ltd
                     Pacific Region Development Ltd
                                          Bergberg Extn TRP (11512)                           1                    2,258.006               409,059.06                       6                 17,614.650               4,467,048.12
                                          Senbam Cons. (TP 11552)                             1                   20,883.976             5,499,225.54                       9                 68,072.934              16,716,971.24
                                          Tokai Matong (TP 11545)                             1                    5,047.847             1,011,854.11                       6                 38,962.075               9,781,016.64
                                          Waterfall bay Extn CONS.TRP(TP 11555)               1                    7,311.148             1,617,736.65                       5                 25,430.230               6,363,709.20
                     Total for Exporter: Pacific Region Development Ltd                     4                   35,500.977              8,537,875.36                     26                150,079.889              37,328,745.20
                     Per Cent of Grand Total                                             6.9%                       16.8%                     13.1%                    4.5%                      6.6%                       5.5%
Total for Pacific Region Development Ltd                                                   4                   35,500.977             8,537,875.36                       26              150,079.889              37,328,745.20
Per Cent of Grand Total                                                                6.9%                        16.8%                    13.1%                     4.5%                     6.6%                       5.5%
PJ Plantation Limited
                     PH Plantation Limited
                                          Idam Siawi Agro-Forest Pro. (FCA 71009)             2                    8,823.221             4,867,117.99                       2                   8,823.221               4,867,117.99
                     Total for Exporter: PH Plantation Limited                              2                     8,823.221             4,867,117.99                      2                   8,823.221               4,867,117.99
                     Per Cent of Grand Total                                             3.4%                         4.2%                     7.5%                    0.3%                       0.4%                       0.7%
                     PJ Plantation Limited
                                          Idam Siawi Agro-Forest Pro. (FCA 71009)                                                                                           2                 11,247.382                4,968,346.95
                     Total for Exporter: PJ Plantation Limited                                                                                                            2                  11,247.382               4,968,346.95
                     Per Cent of Grand Total                                                                                                                           0.3%                       0.5%                       0.7%
Total for PJ Plantation Limited                                                            2                     8,823.221            4,867,117.99                       4                 20,070.603               9,835,464.94
Per Cent of Grand Total                                                                3.4%                          4.2%                    7.5%                     0.7%                      0.9%                       1.4%



 12- 9                                                                                                                                                        Report Number 12:       Page 9 of 13 pages

Page 80 screenshot
Field163:
REPORT - Log Exports by Project Site (Volume and Value) for December - 2023, and Cumulative Year to Date (to 31-December-2023)                Continued
                                                                                      --------------------------- December / 2023 -------------------------       --------------------------- Year to Date -----------------------------
Co. Grouping         Exporter             SiteCode                                    No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                                Value, K

PL Connection Ltd
                     PL Connection Ltd
                                          Inland Pomio - Rabaul (TP 15-49)                                                                                                  2                   2,713.573                 743,332.68
                                          Nutuve TP (11559)                                                                                                                 4                   4,193.428                 981,270.29
                                          Suikol Intergrated Agro (FCA 71513)                                                                                               4                   9,299.249               2,453,835.58
                     Total for Exporter: PL Connection Ltd                                                                                                               10                  16,206.250               4,178,438.56
                     Per Cent of Grand Total                                                                                                                           1.7%                       0.7%                       0.6%
Total for PL Connection Ltd                                                                                                                                              10                16,206.250               4,178,438.56
Per Cent of Grand Total                                                                                                                                               1.7%                      0.7%                       0.6%
Reach Niugini Construction
                     Reach Niugini Construction
                                          Gara Modewa TRP (TP 10406)                                                                                                        6                 25,805.463                5,637,863.51
                     Total for Exporter: Reach Niugini Construction                                                                                                       6                  25,805.463               5,637,863.51
                     Per Cent of Grand Total                                                                                                                           1.0%                       1.1%                       0.8%
Total for Reach Niugini Construction                                                                                                                                     6                 25,805.463               5,637,863.51
Per Cent of Grand Total                                                                                                                                               1.0%                      1.1%                       0.8%
Rimbunan Hijau (PNG) Ltd
                     Niugini Lumber Merchants Ltd
                                          Andru Johana (LFA 21410)                            2                    3,030.218                717,150.72                     14                 44,932.920              12,755,080.73
                                          Ania Kapiura Consolidated (11452)                                                                                                 8                 25,501.628               6,496,256.29
                                          Asengseng Consolidated FMA (61401)                  4                    8,644.785             2,014,331.81                      18                 51,174.873              13,147,723.33
                                          Awio Amgen LFA (21409)                                                                                                            5                  6,099.628               1,639,940.82
                     Total for Exporter: Niugini Lumber Merchants Ltd                      6                    11,675.003              2,731,482.53                     45                127,709.049              34,039,001.17
                     Per Cent of Grand Total                                           10.3%                         5.5%                      4.2%                    7.8%                      5.6%                       5.0%
                     Wawoi Guavi Timber Co Ltd
                                          Wawoi Guavi (10107)                                                                                                              15                 45,271.295              11,390,347.18
                     Total for Exporter: Wawoi Guavi Timber Co Ltd                                                                                                       15                  45,271.295             11,390,347.18
                     Per Cent of Grand Total                                                                                                                           2.6%                       2.0%                      1.7%
Total for Rimbunan Hijau (PNG) Ltd                                                         6                   11,675.003             2,731,482.53                      60               172,980.344              45,429,348.36
Per Cent of Grand Total                                                               10.3%                         5.5%                     4.2%                   10.4%                      7.7%                       6.7%
 12- 10                                                                                                                                                       Report Number 12:      Page 10 of 13 pages

Page 81 screenshot
Field163:
REPORT - Log Exports by Project Site (Volume and Value) for December - 2023, and Cumulative Year to Date (to 31-December-2023)                Continued
                                                                                      --------------------------- December / 2023 -------------------------       --------------------------- Year to Date -----------------------------
Co. Grouping         Exporter             SiteCode                                    No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                                Value, K

Samas Ltd
                     Samas Ltd
                                          Aitape Lumi Consolidated FMA (61003)                                                                                              4                 34,153.792              10,112,679.48
                     Total for Exporter: Samas Ltd                                                                                                                        4                  34,153.792             10,112,679.48
                     Per Cent of Grand Total                                                                                                                           0.7%                       1.5%                      1.5%
Total for Samas Ltd                                                                                                                                                      4                 34,153.792             10,112,679.48
Per Cent of Grand Total                                                                                                                                               0.7%                      1.5%                      1.5%
Summit Agriculture Ltd
                     Summit Agriculture Ltd
                                          Angoram Intergrated (FCA 71104)                     3                    9,676.658             1,899,265.83                      13                 37,123.222                7,234,029.51
                                          Gweing Wagasu Agro-Forestry (FCA 71010)             1                    1,316.632               253,604.28                       4                  5,207.307                1,084,755.15
                                          Wewak/Turubu (FCA 71103)                            1                    3,033.848               579,664.42                      11                 24,113.819                4,595,485.43
                     Total for Exporter: Summit Agriculture Ltd                             5                   14,027.138              2,732,534.53                     28                  66,444.348             12,914,270.09
                     Per Cent of Grand Total                                             8.6%                        6.6%                      4.2%                    4.9%                       2.9%                      1.9%
Total for Summit Agriculture Ltd                                                           5                   14,027.138             2,732,534.53                       28                66,444.348             12,914,270.09
Per Cent of Grand Total                                                                8.6%                         6.6%                     4.2%                     4.9%                      2.9%                      1.9%
Sunland Limited
                     Sunland Limited
                                          Idam siawi Agro-Forest Pro. (FCA 71009)                                                                                           4                 16,808.069                9,170,176.85
                     Total for Exporter: Sunland Limited                                                                                                                  4                  16,808.069               9,170,176.85
                     Per Cent of Grand Total                                                                                                                           0.7%                       0.7%                       1.3%
Total for Sunland Limited                                                                                                                                                4                 16,808.069               9,170,176.85
Per Cent of Grand Total                                                                                                                                               0.7%                      0.7%                       1.3%
Tutuman Development Ltd
                     Millionplus Corporation Ltd
                                          Konoagil Inter.Agri.Proj. (FCA 71603)                                                                                            21                 70,736.399              20,196,521.88
                     Total for Exporter: Millionplus Corporation Ltd                                                                                                     21                  70,736.399             20,196,521.88
                     Per Cent of Grand Total                                                                                                                           3.6%                       3.1%                      3.0%


 12- 11                                                                                                                                                       Report Number 12:      Page 11 of 13 pages

Page 82 screenshot
Field163:
REPORT - Log Exports by Project Site (Volume and Value) for December - 2023, and Cumulative Year to Date (to 31-December-2023)                Continued
                                                                                      --------------------------- December / 2023 -------------------------       --------------------------- Year to Date -----------------------------
Co. Grouping         Exporter             SiteCode                                    No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                                Value, K

Total for Tutuman Development Ltd                                                                                                                                        21                70,736.399             20,196,521.88
Per Cent of Grand Total                                                                                                                                               3.6%                      3.1%                      3.0%
Uni Rise Ltd
                     Lawrence Wood Ltd
                                          Lolo Block 2 (LFA 21403)                                                                                                          3                 11,907.079                2,393,631.43
                     Total for Exporter: Lawrence Wood Ltd                                                                                                                3                  11,907.079               2,393,631.43
                     Per Cent of Grand Total                                                                                                                           0.5%                       0.5%                       0.4%
Total for Uni Rise Ltd                                                                                                                                                   3                 11,907.079               2,393,631.43
Per Cent of Grand Total                                                                                                                                               0.5%                      0.5%                       0.4%
Vanimo Jaya Ltd
                     Mekar (PNG) Ltd
                                          Lote Kamlang - FCA 15-18)                                                                                                         1                   4,758.539                 862,054.17
                     Total for Exporter: Mekar (PNG) Ltd                                                                                                                  1                   4,758.539                 862,054.17
                     Per Cent of Grand Total                                                                                                                           0.2%                       0.2%                       0.1%
                     Noble Investment Limited
                                          Agulu Reserve (FCA 14-04)                                                                                                         1                   1,133.068                 197,055.30
                                          Rainforest Hwy (TA 14-82)                                                                                                         1                   1,383.663                 240,637.04
                     Total for Exporter: Noble Investment Limited                                                                                                         2                   2,516.731                 437,692.35
                     Per Cent of Grand Total                                                                                                                           0.3%                       0.1%                       0.1%
                     Sentawan (PNG) Ltd
                                          DANFU Block 12,13,14,15&18 (11640)                                                                                                2                 17,359.221                4,241,977.01
                                          Danfu Extension TRP (16-44)                                                                                                       2                  9,206.597                2,440,198.81
                     Total for Exporter: Sentawan (PNG) Ltd                                                                                                               4                  26,565.818               6,682,175.81
                     Per Cent of Grand Total                                                                                                                           0.7%                       1.2%                       1.0%
                     Vanimo Jaya Ltd
                                          Makapa Timber Area (TP1-9)                          2                   18,806.769             4,506,459.91                      10                 90,735.067              22,056,335.24
                     Total for Exporter: Vanimo Jaya Ltd                                    2                   18,806.769              4,506,459.91                     10                  90,735.067             22,056,335.24
                     Per Cent of Grand Total                                             3.4%                        8.9%                      6.9%                    1.7%                       4.0%                      3.2%
                     VJ Holdings Ltd
                                          Ulamona consolidated TP (11443)                                                                                                   2                   1,993.036                 533,969.87

 12- 12                                                                                                                                                       Report Number 12:      Page 12 of 13 pages

Page 83 screenshot
Field163:
REPORT - Log Exports by Project Site (Volume and Value) for December - 2023, and Cumulative Year to Date (to 31-December-2023)                Continued
                                                                                      --------------------------- December / 2023 -------------------------       --------------------------- Year to Date -----------------------------
Co. Grouping         Exporter             SiteCode                                    No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                                Value, K

                     Total for Exporter: VJ Holdings Ltd                                                                                                                  2                   1,993.036                 533,969.87
                     Per Cent of Grand Total                                                                                                                           0.3%                       0.1%                       0.1%
Total for Vanimo Jaya Ltd                                                                  2                   18,806.769             4,506,459.91                       19              126,569.191              30,572,227.44
Per Cent of Grand Total                                                                3.4%                         8.9%                     6.9%                     3.3%                     5.6%                       4.5%
Viva Success Ltd
                     Viva Success Ltd
                                          Central New Ireland LFA 16-01                                                                                                    12                 56,601.208              15,516,287.06
                     Total for Exporter: Viva Success Ltd                                                                                                                12                  56,601.208             15,516,287.06
                     Per Cent of Grand Total                                                                                                                           2.1%                       2.5%                      2.3%
Total for Viva Success Ltd                                                                                                                                               12                56,601.208             15,516,287.06
Per Cent of Grand Total                                                                                                                                               2.1%                      2.5%                      2.3%
Woodbank Pacific Ltd
                     Woodbank Pacific Ltd
                                          Kumil TP (11222)                                                                                                                  4                 40,270.657              15,285,165.41
                                          Vanimo Block 3,4 & 5 (TP 11011)                                                                                                   1                    926.595                 635,742.71
                     Total for Exporter: Woodbank Pacific Ltd                                                                                                             5                  41,197.252             15,920,908.12
                     Per Cent of Grand Total                                                                                                                           0.9%                       1.8%                      2.3%
Total for Woodbank Pacific Ltd                                                                                                                                           5                 41,197.252             15,920,908.12
Per Cent of Grand Total                                                                                                                                               0.9%                      1.8%                      2.3%
Woodland Enterprse Limited
                     Woodland Enterprise Limited
                                          West Gurney TRP(TP4-05)                                                                                                           2                   4,878.188               1,110,088.82
                     Total for Exporter: Woodland Enterprise Limited                                                                                                      2                   4,878.188               1,110,088.82
                     Per Cent of Grand Total                                                                                                                           0.3%                       0.2%                       0.2%
Total for Woodland Enterprse Limited                                                                                                                                     2                   4,878.188              1,110,088.82
Per Cent of Grand Total                                                                                                                                               0.3%                       0.2%                      0.2%

Grand Total:                                                                                58             211,110.459 64,970,860.85                                   577          2,260,752.349 682,597,136.46


 12- 13                                                                                                                                                       Report Number 12:      Page 13 of 13 pages

Page 84 screenshot
Log Exports (Volume and Kina Value) by Province for December/2023 and
Previous Periods
Report printed: 29/01/2024 10:32:05 AM


                                           -------------------------- Volume, m3 -------------------------------     ---------------------------- Value (Kina) ----------------------------
Province                                 December/23                 Yr to Date                         2022       December/23                  Yr to Date                         2022
Central                                         5,782                    152,025                     151,341          1,947,388                 41,611,582                  44,773,658
East New Britain                               51,662                    412,009                     649,027         13,664,641                105,562,106                 185,270,683
East Sepik                                     22,967                     92,548                     159,864          4,641,392                 18,523,728                  41,359,609
Madang                                                                    58,118                      78,237                                    18,887,262                  24,918,351
Manus                                                                                                  2,439                                                                   612,991
Milne Bay                                      17,952                    128,048                     120,635          4,478,831                 30,086,186                  35,006,537
Morobe                                          9,681                     83,015                      80,944          2,620,295                 19,452,314                  21,654,974
New Ireland                                                              283,529                     442,796                                    77,609,159                 144,315,942
Oro                                            31,228                    202,900                     134,113          8,818,923                 57,282,401                  42,235,932
West New Britain                               22,336                    451,735                     637,853          5,444,920                112,824,000                 181,414,790
West Sepik                                     30,696                    255,620                     380,311         18,848,012                165,750,342                 256,683,187
Western                                        18,807                    141,207                     225,312          4,506,460                 35,008,057                  60,991,288

Total                                       211,110                  2,260,752                   3,062,871         64,970,861               682,597,136                1,039,237,942
Monthly mean                                 211,110                     188,396                     255,239         64,970,861                 56,883,095                  86,603,162




 13- 1                                                                                                                                             Report Number 13:      Page 1 of 1 pages

Page 85 screenshot
Log Export Volumes and Prices by Destination, Grade
and Group, for December/2023
Report printed: 29/01/2024 10:32:16 AM



                                                                           Volume         FOB        Per Cent   Ave FOB
Destination                                  Log Grade         Group           m3          US$      by Volume    US$/m3

China
                                  Super Small - Dispensation
                                                        1                     1,874      243,581         0.9%           130
        Total/Mean for Super Small - Dispensation                             1,874      243,581         0.9%           130
        Per Cent of Grand Total                                                0.9%         1.4%
                                             Small - Dispensation
                                                                    1         2,311      392,873         1.2%           170
        Total/Mean for Small - Dispensation                                   2,311      392,873         1.2%           170
        Per Cent of Grand Total                                                1.1%         2.2%
                                             Saw/Veneer
                                                                    1        78,232     9,099,863       39.6%           116
                                                                    2         7,674       506,474        3.9%            66
                                                                    3        18,706     1,152,164        9.5%            62
                                                                    4        22,532     1,254,271       11.4%            56
        Total/Mean for Saw/Veneer                                           127,144    12,012,772       64.4%            94
        Per Cent of Grand Total                                               60.2%        67.2%
                                   Regular - Dispensation
                                                         1                    3,165      625,829         1.6%           198
        Total/Mean for Regular - Dispensation                                 3,165      625,829         1.6%           198
        Per Cent of Grand Total                                                1.5%         3.5%
                                   Plantation diam 60+ cm: regular
                                                        2                        13        1,725         0.0%           130
        Total/Mean for Plantation diam 60+ cm: regular                           13        1,725         0.0%           130
        Per Cent of Grand Total                                                0.0%         0.0%
                                   Plantation diam 50 - 59 cm: small
                                                         2           303                  38,018         0.2%           126
        Total/Mean for Plantation diam 50 - 59 cm: small             303                  38,018         0.2%           126
        Per Cent of Grand Total                                                0.1%         0.2%
                                             Plantation diam 40 - 49 cm: super small
                                                                   2          1,647      169,106         0.8%           103



Report Number 14:        Page 1 of 4 pages                                                                      14- 1

Page 86 screenshot
Field163:
REPORT - Log Export Volumes and Prices by Destination, Grade and Group, for December/2023 Continued


                                                                 Volume           FOB        Per Cent    Ave FOB
Destination                             Log Grade    Group           m3            US$      by Volume     US$/m3

      Total/Mean for Plantation diam 40 - 49 cm: super              1,647        169,106          0.8%           103
      small
      Per Cent of Grand Total                                        0.8%            0.9%
                                 Plantation diam 30 - 39 cm: baby small
                                                       2          4,233          325,515          2.1%           77
      Total/Mean for Plantation diam 30 - 39 cm: baby             4,233          325,515          2.1%           77
      small
      Per Cent of Grand Total                                        2.0%            1.8%
                                 Plantation diam 20 - 29 cm: tiny small
                                                       2           2,177         126,262          1.1%           58
      Total/Mean for Plantation diam 20 - 29 cm: tiny              2,177         126,262          1.1%           58
      small
      Per Cent of Grand Total                                        1.0%            0.7%
                                 Plantation diam 00 - 19 cm: little small
                                                        2             101           2,818         0.1%           28
      Total/Mean for Plantation diam 00 - 19 cm: little               101           2,818         0.1%           28
      small
      Per Cent of Grand Total                                        0.0%            0.0%
                                        Low Grade
                                                         1         37,273      1,909,264         18.9%           51
                                                         2          4,073        208,989          2.1%           51
                                                         3          6,469        326,809          3.3%           51
                                                         4          6,614        333,392          3.4%           50
      Total/Mean for Low Grade                                     54,429      2,778,455         27.6%           51
      Per Cent of Grand Total                                       25.8%          15.5%

Total/Mean for China                                            197,396      16,716,955       100.0%             85
Per Cent of Grand Total                                           93.5%           93.5%

India
                                 Plantation diam 20 - 29 cm: tiny small
                                                       1            164           40,924         58.0%           250
      Total/Mean for Plantation diam 20 - 29 cm: tiny               164           40,924         58.0%           250
      small
      Per Cent of Grand Total                                        0.1%            0.2%
                                 Plantation diam 00 - 19 cm: little small
                                                        1             119         29,652         42.0%           250
      Total/Mean for Plantation diam 00 - 19 cm: little               119         29,652         42.0%           250
      small
      Per Cent of Grand Total                                        0.1%            0.2%




Report Number 14:   Page 2 of 4 pages                                                                    14- 2

Page 87 screenshot
Field163:
REPORT - Log Export Volumes and Prices by Destination, Grade and Group, for December/2023 Continued


                                                                 Volume           FOB        Per Cent    Ave FOB
Destination                             Log Grade    Group           m3            US$      by Volume     US$/m3

Total/Mean for India                                                 282         70,576       100.0%             250
Per Cent of Grand Total                                             0.1%           0.4%

South Korea
                                        Saw/Veneer
                                                         1          3,044        236,242         53.0%            78
                                                         2             24          1,541          0.4%            64
                                                         3            671         39,155         11.7%            58
                                                         4            760         41,810         13.2%            55
      Total/Mean for Saw/Veneer                                     4,500        318,748         78.3%            71
      Per Cent of Grand Total                                        2.1%            1.8%
                                        Low Grade
                                                         1          1,244         62,218         21.7%            50
      Total/Mean for Low Grade                                      1,244         62,218         21.7%            50
      Per Cent of Grand Total                                        0.6%            0.3%

Total/Mean for South Korea                                         5,744        380,966       100.0%             66
Per Cent of Grand Total                                             2.7%           2.1%

Vietnam
                                        Saw/Veneer
                                                         1          1,488        124,406         19.4%            84
                                                         2            464         30,192          6.0%            65
                                                         3            157          9,446          2.0%            60
                                                         4             94          5,188          1.2%            55
      Total/Mean for Saw/Veneer                                     2,204        169,231         28.7%            77
      Per Cent of Grand Total                                        1.0%            0.9%
                                 Plantation diam 60+ cm: regular
                                                      2                86         11,139          1.1%           130
      Total/Mean for Plantation diam 60+ cm: regular                   86         11,139          1.1%           130
      Per Cent of Grand Total                                        0.0%            0.1%
                                 Plantation diam 50 - 59 cm: small
                                                       2           840           101,859         10.9%           121
      Total/Mean for Plantation diam 50 - 59 cm: small             840           101,859         10.9%           121
      Per Cent of Grand Total                                        0.4%            0.6%
                                 Plantation diam 40 - 49 cm: super small
                                                       2          2,915          295,702         37.9%           101
      Total/Mean for Plantation diam 40 - 49 cm: super            2,915          295,702         37.9%           101
      small
      Per Cent of Grand Total                                        1.4%            1.7%


Report Number 14:   Page 3 of 4 pages                                                                    14- 3

Page 88 screenshot
Field163:
REPORT - Log Export Volumes and Prices by Destination, Grade and Group, for December/2023 Continued


                                                                 Volume           FOB        Per Cent    Ave FOB
Destination                             Log Grade    Group           m3            US$      by Volume     US$/m3

                                 Plantation diam 30 - 39 cm: baby small
                                                       2          1,643          124,893         21.4%           76
      Total/Mean for Plantation diam 30 - 39 cm: baby             1,643          124,893         21.4%           76
      small
      Per Cent of Grand Total                                        0.8%            0.7%

Total/Mean for Vietnam                                             7,688        702,825       100.0%             91
Per Cent of Grand Total                                             3.6%           3.9%

            Grand Total:                                         211,110     17,871,323                          85




Report Number 14:   Page 4 of 4 pages                                                                    14- 4

Page 89 screenshot
Log Export Volumes and Prices by Destination and
Grade for Group 1 Species, for December/2023
Report printed: 29/01/2024 10:32:28 AM



                                                                  Volume      FOB        Per Cent    Ave FOB
Destination                Log Grade         Species                  m3       US$      by Volume     US$/m3

China
                           Super Small - Dispensation
                                          Kwila                     1,874    243,581         1.5%           130
                           Total/Mean for Super Small -             1,874    243,581         1.5%           130
                           Dispensation
                           Per Cent of Grand Total                  1.5%        1.9%
                           Small - Dispensation
                                          Kwila                     2,311    392,873         1.9%           170
                           Total/Mean for Small - Dispensation      2,311    392,873         1.9%           170
                           Per Cent of Grand Total                  1.8%        3.1%
                           Saw/Veneer
                                          Lophopetallum/Perupok     1,170      87,638        1.0%            75
                                          Taun                     19,108   1,733,152       15.6%            91
                                          Red Planchonella            411      30,643        0.3%            75
                                          Red Canarium              5,260     393,691        4.3%            75
                                          PNG Walnut                1,845     139,390        1.5%            76
                                          Terminalia                6,332     475,904        5.2%            75
                                          Pencil Cedar              5,511     497,034        4.5%            90
                                          Malas                     3,094     231,488        2.5%            75
                                          Hekakoro                      3         203        0.0%            75
                                          Grey Canarium             1,090      81,504        0.9%            75
                                          Erima                     1,992     152,044        1.6%            76
                                          Dillenia                  2,400     178,408        2.0%            74
                                          Calophyllum               3,904     361,585        3.2%            93
                                          Burckella                 1,703     127,520        1.4%            75
                                          PNG Mersawa               6,355     515,583        5.2%            81
                                          White Planchonella          466      35,040        0.4%            75
                                          Kwila                    17,590   4,059,037       14.3%           231
                           Total/Mean for Saw/Veneer               78,232   9,099,863       63.7%           116
                           Per Cent of Grand Total                 60.7%       71.3%
                           Regular - Dispensation
                                          Kwila                     3,165    625,829         2.6%           198


Report Number 15:        Page 1 of 3 pages                                                          15- 1

Page 90 screenshot
Field163:
REPORT - Log Export Volumes and Prices by Destination and Grade for Group 1 Species, for December/2023      Continued


                                                                   Volume           FOB        Per Cent        Ave FOB
Destination          Log Grade          Species                        m3            US$      by Volume         US$/m3

                     Total/Mean for Regular - Dispensation            3,165        625,829           2.6%               198
                     Per Cent of Grand Total                           2.5%            4.9%
                     Low Grade
                                    Malas                            2,964         148,772          2.4%                 50
                                    Terminalia                       2,853         144,317          2.3%                 51
                                    Taun                            16,480         851,680         13.4%                 52
                                    Red Planchonella                   112           5,719          0.1%                 51
                                    Red Canarium                     1,540          77,487          1.3%                 50
                                    PNG Walnut                       1,882          94,490          1.5%                 50
                                    Pencil Cedar                     1,444          73,020          1.2%                 51
                                    Lophopetallum/Perupok               96           4,804          0.1%                 50
                                    Kwila                               35           1,731          0.0%                 50
                                    Grey Canarium                      268          13,502          0.2%                 50
                                    Erima                              925          46,438          0.8%                 50
                                    Dillenia                           667          33,341          0.5%                 50
                                    Calophyllum                      4,271         215,648          3.5%                 50
                                    PNG Mersawa                      2,670         144,591          2.2%                 54
                                    Burckella                          720          36,331          0.6%                 50
                                    White Planchonella                 347          17,392          0.3%                 50
                     Total/Mean for Low Grade                       37,273       1,909,264         30.3%                 51
                     Per Cent of Grand Total                         28.9%            15.0%

Total/Mean for China                                               122,855     12,271,410        100.0%                 100
Per Cent of Grand Total                                             95.3%           96.1%

India
                     Plantation diam 20 - 29 cm: tiny small
                                     Teak (b) tiny small (plntn)       164          40,924         58.0%                250
                     Total/Mean for Plantation diam 20 -               164          40,924         58.0%                250
                     29 cm: tiny small
                     Per Cent of Grand Total                           0.1%            0.3%
                     Plantation diam 00 - 19 cm: little small
                                      Teak (a) little small             119         29,652         42.0%                250
                                      (plntn)
                     Total/Mean for Plantation diam 00 -                119          29,652        42.0%                250
                     19 cm: little small
                     Per Cent of Grand Total                           0.1%            0.2%

Total/Mean for India                                                   282         70,576        100.0%                 250
Per Cent of Grand Total                                              0.2%             0.6%

South Korea

Report Number 15:   Page 2 of 3 pages                                                                        15- 2

Page 91 screenshot
Field163:
REPORT - Log Export Volumes and Prices by Destination and Grade for Group 1 Species, for December/2023     Continued


                                                                  Volume            FOB        Per Cent       Ave FOB
Destination          Log Grade          Species                       m3             US$      by Volume        US$/m3

                     Saw/Veneer
                                    Burckella                            42          3,138          1.0%                75
                                    Pencil Cedar                        145         14,458          3.4%               100
                                    Malas                             1,406        105,439         32.8%                75
                                    Kwila                                26          6,249          0.6%               240
                                    Dillenia                          1,426        106,958         33.3%                75
                     Total/Mean for Saw/Veneer                        3,044        236,242         71.0%                78
                     Per Cent of Grand Total                           2.4%            1.9%
                     Low Grade
                                    Burckella                            32          1,624          0.8%               50
                                    Dillenia                             27          1,350          0.6%               50
                                    Malas                               970         48,508         22.6%               50
                                    Pencil Cedar                        215         10,736          5.0%               50
                     Total/Mean for Low Grade                         1,244         62,218         29.0%               50
                     Per Cent of Grand Total                           1.0%            0.5%

Total/Mean for South Korea                                           4,289        298,460        100.0%                70
Per Cent of Grand Total                                              3.3%             2.3%

Vietnam
                     Saw/Veneer
                                    Dillenia                            606         45,486         40.8%               75
                                    Calophyllum                         642         60,975         43.1%               95
                                    Malas                               239         17,945         16.1%               75
                     Total/Mean for Saw/Veneer                        1,488        124,406        100.0%               84
                     Per Cent of Grand Total                           1.2%            1.0%

Total/Mean for Vietnam                                               1,488        124,406        100.0%                84
Per Cent of Grand Total                                              1.2%             1.0%

            Grand Total:                                          128,914      12,764,852                              99




Report Number 15:   Page 3 of 3 pages                                                                       15- 3

Page 92 screenshot
 Field2:
   Monthly Discrepancy Report for Shipments Exported
                 during December / 2023
Date printed: 29/01/2024 10:33:01 AM



The following is a list of discrepancies found as a result of detection of 'undeclared' logs in the export stacks
and also logs with mis-identified species, for each shipment of logs exported during the month. Each
discrepancy is evaluated for its economic impact in terms of revenue which would have been effectively lost to
Papua New Guinea had the discrepancy not been detected.

A) Discrepancies by Shipment
 SGS Reference Number :                    27411                           PNGFA Permit Number :             2308015
 Ship Name :                               Run Fu 2                        Shipped Volume :                  2280.635
 Exporting Company :                       Continental Alliance Ltd        Export Date :                     8/12/2023
 Project :                                 Wagana Wagasu Agro Forestry (FC Inspection Report Date :          18/12/2023

Discrepancy Type                                          ---- Discrepant---- Avg Price   ----------- Value to PNG (K) ------------
                                                          Volume Pieces (USD FOB)         Duty        Levy      Forex    Co. Tax
Undeclared Logs noted at preshipment                             13        6    68.07        302        103      3,178        954
Shipment Total                                                   13       6     68.07        302        103      3,178        954


 SGS Reference Number :                    27412                           PNGFA Permit Number :             2308016
 Ship Name :                               Run Fu 2                        Shipped Volume :                  2938.415
 Exporting Company :                       Continental Alliance Ltd        Export Date :                     8/12/2023
 Project :                                 Wagana Wagasu Agro Forestry (FC Inspection Report Date :          18/12/2023

Discrepancy Type                                          ---- Discrepant---- Avg Price   ----------- Value to PNG (K) ------------
                                                          Volume Pieces (USD FOB)         Duty        Levy      Forex    Co. Tax
Misdeclaration of Species / Specie                               17        5    68.52
Misidentified
Undeclared Logs noted at preshipment                           49      14      50.00      2,568       396       8,964        2,689
Shipment Total                                                 66      19      54.69      2,568       396       8,964        2,689


 SGS Reference Number :                    27415                               PNGFA Permit Number :         2308017
 Ship Name :                               Run Fu 2                            Shipped Volume :              1475.398
 Exporting Company :                       Global Elite Ltd                    Export Date :                 8/12/2023
 Project :                                 Wammy Inter. Agro Forestry (FCA7    Inspection Report Date :      18/12/2023

Discrepancy Type                                          ---- Discrepant---- Avg Price   ----------- Value to PNG (K) ------------
                                                          Volume Pieces (USD FOB)         Duty        Levy      Forex    Co. Tax
Misdeclaration of Species / Specie                               10        2    50.00
Misidentified
Shipment Total                                                  10      2      50.00


Report Number 16:      Page 1 of 3 pages                                                                                 16- 1

Page 93 screenshot
 SGS Reference Number :                 27419                             PNGFA Permit Number :         2308039
 Ship Name :                            Run Fu 2                          Shipped Volume :              3033.848
 Exporting Company :                    Summit Agriculture Ltd            Export Date :                 8/12/2023
 Project :                              Wewak/Turubu (FCA 71103)          Inspection Report Date :      18/12/2023

Discrepancy Type                                     ---- Discrepant---- Avg Price   ----------- Value to PNG (K) ------------
                                                     Volume Pieces (USD FOB)         Duty        Levy      Forex    Co. Tax
Misdeclaration of Species / Specie                           8        5    50.00
Misidentified
Undeclared Logs noted at preshipment                         28      14   50.00      1,453       224       5,070        1,521
Shipment Total                                               36      19   50.00      1,453       224       5,070        1,521


 SGS Reference Number :                 27497                             PNGFA Permit Number :         2311003
 Ship Name :                            Run Fu 2                          Shipped Volume :              5278.482
 Exporting Company :                    Summit Agriculture Ltd            Export Date :                 8/12/2023
 Project :                              Angoram Intergrated (FCA 71104)   Inspection Report Date :      18/12/2023

Discrepancy Type                                     ---- Discrepant---- Avg Price   ----------- Value to PNG (K) ------------
                                                     Volume Pieces (USD FOB)         Duty        Levy      Forex    Co. Tax
Misdeclaration of Species / Specie                          30      14     53.89
Misidentified
Undeclared Logs noted at preshipment                       71        33   51.91      2,913       570     13,388         4,017
Shipment Total                                            102        47   52.50      2,913       570     13,388         4,017


 SGS Reference Number :                 27505                             PNGFA Permit Number :         2311021
 Ship Name :                            Tai Ho                            Shipped Volume :              7276.205
 Exporting Company :                    Millennium Corporation Ltd        Export Date :                 4/12/2023
 Project :                              East Ferguson TRP (10404)         Inspection Report Date :      15/12/2023

Discrepancy Type                                     ---- Discrepant---- Avg Price   ----------- Value to PNG (K) ------------
                                                     Volume Pieces (USD FOB)         Duty        Levy      Forex    Co. Tax
Undeclared Logs noted at Loading                            87      22     85.91     2,574         696    27,092       8,128
Shipment Total                                              87      22     85.91     2,574         696    27,092       8,128


 SGS Reference Number :                 27543                            PNGFA Permit Number :          2311124
 Ship Name :                            Microstep                        Shipped Volume :               635.042
 Exporting Company :                    Lucky 99 (PNG) Ltd               Export Date :                  15/12/2023
 Project :                              Rakona/Aimorao Road No.1 (TA 13- Inspection Report Date :       8/01/2024

Discrepancy Type                                     ---- Discrepant---- Avg Price   ----------- Value to PNG (K) ------------
                                                     Volume Pieces (USD FOB)         Duty        Levy      Forex    Co. Tax
Undeclared Logs noted at Loading                            12        4   155.17        668         97      7,032      2,110
Shipment Total                                              12       4    155.17        668         97      7,032      2,110




Report Number 16:   Page 2 of 3 pages                                                                               16- 2

Page 94 screenshot
Total Number of Discrepancies =                        80
Total Number of Shipments with Discrepancies =         7



B) Summary by Discrepancy Type

Discrepancy Type                           -- Discrepant --       Avg Price   -------- Value to PNG (K'000) --------
                                           Volume Pieces (USD) FOB            Duty      Levy       Forex     Co. Tax
Misdeclaration of Species / Specie               65         26      56.55
Misidentified
Undeclared Logs noted at Loading                  99        26      94.36         3         1         34           10
Undeclared Logs noted at preshipment             162        67      52.28         7         1         31            9

Month Total                                      326        119     65.93        10            2      65           19




Report Number 16:   Page 3 of 3 pages                                                                      16- 3

Page 95 screenshot
                                     Shipment Duty Calculation Comparison Summary for December / 2023
Date printed: 29/01/2024 10:33:14 AM

Co. Grouping /                         SGS Ref PNGFA        Date    Volume Exported (m3)          FOB Value (Kina)                   FOB Value (USD)                     Levy (Kina)         Duty Payable (K)                       Difference
                                                                                                                                                                                                                Duty
Exporter
                                       Number   Permit     Exported Invoice SGS Diff.        Invoice    SGS     Difference       Invoice  SGS     Difference     SGS         Paid    Diff.    Invoice    SGS Paid (K)               SGS-Paid


 Co. Grouping:            Active Forest Limited
Active Forest Limited                  27502 231102         2/12/2023 5,500   5,500          1,679,548 1,679,548               463,555      463,555             43,998       43,998           893,455       893,455     893,455

                                Totals for 1 Shipments                5,500    5,500        1,679,548     1,679,548              463,555      463,555           43,998       43,998             893,455      893,455     893,455


Totals for Active Forest Limited, 1 Shipments                         5,500    5,500        1,679,548     1,679,548              463,555      463,555           43,998        43,998            893,455      893,455     893,455


 Co. Grouping:            Amanab 56 Timber Investments Ltd
Amanab 56 Timber Investments           27360 230806        15/12/2023 6,173   6,173          5,144,546 5,144,546              1,419,895    1,419,895            49,388       49,388          3,266,630 3,266,630 3,266,630
Ltd
                                       27362 230806        15/12/2023 5,413   5,413          4,510,618 4,510,618              1,244,930    1,244,930            43,302       43,302          2,864,105 2,864,105 2,864,105
                                       27496 231101        15/12/2023 3,917   3,917          2,428,236 2,431,137 2,901         670,193      670,994     801     31,339       31,339          1,497,910 1,499,904 1,497,910              1,995

                                Totals for 3 Shipments               15,504   15,504       12,083,399    12,086,300   2,901    3,335,018    3,335,819   801    124,028      124,028           7,628,645     7,630,639   7,628,645        1,995


Totals for Amanab 56 Timber Investments Ltd, 3 Shipments             15,504   15,504       12,083,399    12,086,300   2,901    3,335,018    3,335,819   801    124,028       124,028          7,628,645     7,630,639   7,628,645        1,995


 Co. Grouping:            Aset Meriah (PNG) Ltd
Kulawood Limited                       27525 231109        14/12/2023 7,488   7,488          1,899,971 1,899,971               524,392      524,392             59,901       59,901          1,023,918 1,023,918 1,023,918
                                       27531 231110        14/12/2023 3,188   3,188            597,059      597,059            159,415      159,415             25,506       25,506           173,277       179,118     173,277         5,841

                                Totals for 2 Shipments               10,676   10,676        2,497,029     2,497,029              683,807      683,807           85,408       85,407           1,197,195     1,203,036   1,197,195        5,841


Totals for Aset Meriah (PNG) Ltd, 2 Shipments                        10,676   10,676        2,497,029     2,497,029              683,807      683,807           85,408        85,407          1,197,195     1,203,036   1,197,195        5,841




 17- 1                                                                                                                                                                                  Report Number 17:       Page 1 of 7 pages

Page 96 screenshot
Report: Shipment Duty Calculation Comparison Summary for December / 2023                             Continued

Co. Grouping /                         SGS Ref PNGFA          Date       Volume Exported (m3)         FOB Value (Kina)               FOB Value (USD)              Levy (Kina)        Duty Payable (K)                     Difference
                                                                                                                                                                                                            Duty
Exporter
                                       Number      Permit   Exported Invoice      SGS Diff.      Invoice    SGS     Difference    Invoice SGS    Difference    SGS      Paid Diff.    Invoice        SGS Paid (K)         SGS-Paid


 Co. Grouping:             Cakara Alam (PNG) Ltd
Cakara Alam (PNG) Ltd                  27546 231111         12/12/2023 1,283      1,283           293,859     293,859             81,105     81,105           10,262   10,262         118,737       118,737    118,737
                                       27547 231111         12/12/2023     696      696           204,823     204,823             56,531     56,531            5,572    5,572         112,773       112,773    112,773
                                       27558 231200         12/12/2023 1,244      1,244           225,429     225,429             62,218     62,218            9,955    9,955           67,629       67,629     67,629

                                Totals for 3 Shipments                    3,224    3,224         724,110     724,110              199,854    199,854          25,789   25,789           299,139      299,139    299,139


Totals for Cakara Alam (PNG) Ltd, 3 Shipments                             3,224    3,224         724,110     724,110              199,854    199,854          25,789   25,789           299,139      299,139    299,139


 Co. Grouping:             Continental Alliance Ltd
Continental Alliance Ltd               27411 230801          8/12/2023 2,281      2,281           499,455     499,455            137,849    137,849           18,245   18,245         195,876       195,876    195,876
                                       27412 230801          8/12/2023 2,938      2,938           636,588     636,588            175,698    175,698           23,507   23,507         247,296       247,296    247,296

                                Totals for 2 Shipments                    5,219    5,219        1,136,043   1,136,043             313,548    313,548          41,752   41,752           443,172      443,172    443,172


Totals for Continental Alliance Ltd, 2 Shipments                          5,219    5,219        1,136,043   1,136,043             313,548    313,548          41,752   41,752           443,172      443,172    443,172


 Co. Grouping:             CS Boss International Ltd
Stettin Bay Lumber Co. Ltd             27518 231104          5/12/2023 2,521      2,521           656,203     656,203            181,112    181,112           20,166   20,166         328,012       328,012    328,012
                                       27524 231105          2/12/2023 3,846      3,846         1,119,773 1,119,773              309,057    309,057           30,771   30,771         607,377       607,377    607,377
                                       27530 231106          2/12/2023 1,071      1,071           213,351     213,351             58,885     58,885            8,565    8,565           64,005       64,005     64,005

                                Totals for 3 Shipments                    7,438    7,438        1,989,327   1,989,327             549,054    549,054          59,502   59,502           999,394      999,394    999,394


Totals for CS Boss International Ltd, 3 Shipments                         7,438    7,438        1,989,327   1,989,327             549,054    549,054          59,502   59,502           999,394      999,394    999,394


 Co. Grouping:             East Papua Timber Resources Ltd
East Papua Timber Resources            27548 231112         12/12/2023     282      282           267,841     267,841             70,576     70,576                0       0                 0            0          0
Ltd

                                Totals for 1 Shipments                     282      282          267,841     267,841               70,576     70,576              0        0                 0            0          0


Totals for East Papua Timber Resources Ltd, 1 Shipments                    282      282          267,841     267,841               70,576     70,576               0        0                0            0           0


 17- 2                                                                                                                                                                          Report Number 17:      Page 2 of 7 pages

Page 97 screenshot
Report: Shipment Duty Calculation Comparison Summary for December / 2023                           Continued

Co. Grouping /                         SGS Ref PNGFA        Date       Volume Exported (m3)         FOB Value (Kina)               FOB Value (USD)              Levy (Kina)        Duty Payable (K)                       Difference
                                                                                                                                                                                                          Duty
Exporter
                                       Number    Permit   Exported Invoice      SGS Diff.      Invoice    SGS     Difference    Invoice SGS    Difference    SGS      Paid Diff.    Invoice        SGS Paid (K)           SGS-Paid


 Co. Grouping:             Emo Holdings Limited
Emo Holdings Limited                   27517 231105        8/12/2023 6,369      6,369         1,894,593 1,894,593              522,908    522,908           50,951   50,951        1,038,956 1,039,290 1,038,956                334

                                 Totals for 1 Shipments                 6,369    6,369        1,894,593   1,894,593             522,908    522,908          50,951   50,951         1,038,956     1,039,290   1,038,956          334


Totals for Emo Holdings Limited, 1 Shipments                            6,369    6,369        1,894,593   1,894,593             522,908    522,908          50,951   50,951         1,038,956     1,039,290   1,038,956          334


 Co. Grouping:             Global Elite Ltd
Global Elite Ltd                       27414 230801        8/12/2023 1,147      1,147           222,490     222,490             61,407     61,407            9,179    9,179           78,553       78,553      78,553
                                       27415 230801        8/12/2023 1,475      1,475           338,690     338,690             93,479     93,479           11,803   11,803         136,446       136,446     136,446
                                       27416 230803        8/12/2023 1,098      1,098           211,635     211,635             58,411     58,411            8,786    8,786           73,610       73,610      73,610

                                 Totals for 3 Shipments                 3,721    3,721         772,815     772,815              213,297    213,297          29,768   29,768           288,609      288,609     288,609


Totals for Global Elite Ltd, 3 Shipments                                3,721    3,721         772,815     772,815              213,297    213,297          29,768   29,768           288,609      288,609     288,609


 Co. Grouping:             KK Connections Ltd
KK Connections Ltd                     26956 221202       22/12/2023 2,204      2,204           580,553     580,553            169,231    169,231           17,631   17,631         248,211       248,211     248,211

                                 Totals for 1 Shipments                 2,204    2,204         580,553     580,553              169,231    169,231          17,631   17,631           248,211      248,211     248,211


Totals for KK Connections Ltd, 1 Shipments                              2,204    2,204         580,553     580,553              169,231    169,231          17,631   17,631           248,211      248,211     248,211


 Co. Grouping:             Lucky 99 (PNG) Ltd
Lucky 99 (PNG) Ltd                     27542 231112       15/12/2023 3,701      3,701         1,092,163 1,092,163              301,437    301,437           29,608   29,608         532,677       532,677     532,677
                                       27543 231112       15/12/2023     635      635           217,448     217,448             58,059     58,059            5,080    5,080         107,533       111,158     107,533         3,625

                                 Totals for 2 Shipments                 4,336    4,336        1,309,611   1,309,611             359,496    359,496          34,688   34,688           640,210      643,835     640,210         3,625


Totals for Lucky 99 (PNG) Ltd, 2 Shipments                              4,336    4,336        1,309,611   1,309,611             359,496    359,496          34,688   34,688           640,210      643,835     640,210         3,625


 Co. Grouping:             Lucky Logging Limited
Wasu Resource Ltd                      27544 231112       15/12/2023 2,299      2,299           561,352     561,352            154,933    154,933           18,391   18,391         247,503       247,503     247,503

 17- 3                                                                                                                                                                        Report Number 17:       Page 3 of 7 pages

Page 98 screenshot
Report: Shipment Duty Calculation Comparison Summary for December / 2023                          Continued

Co. Grouping /                        SGS Ref PNGFA        Date       Volume Exported (m3)         FOB Value (Kina)                FOB Value (USD)               Levy (Kina)         Duty Payable (K)                       Difference
                                                                                                                                                                                                            Duty
Exporter
                                      Number    Permit   Exported Invoice      SGS Diff.      Invoice    SGS     Difference     Invoice SGS    Difference     SGS      Paid Diff.     Invoice        SGS Paid (K)           SGS-Paid

Wasu Resource Ltd                     27545 231112       15/12/2023 3,046       3,046          749,332     749,332            206,816     206,816            24,369    24,369         338,449       338,449     338,449

                                Totals for 2 Shipments                 5,345    5,345        1,310,684   1,310,684             361,749     361,749           42,759    42,759           585,952      585,952     585,952


Totals for Lucky Logging Limited, 2 Shipments                          5,345    5,345        1,310,684   1,310,684             361,749     361,749           42,759    42,759           585,952      585,952     585,952


 Co. Grouping:            Millennium Corporation Ltd
Millennium Corporation Ltd            27505 231102        4/12/2023 7,276       7,276        1,981,802 1,981,802              546,977     546,977            58,210    58,210        1,069,862 1,069,862 1,069,862

                                Totals for 1 Shipments                 7,276    7,276        1,981,802   1,981,802             546,977     546,977           58,210    58,210         1,069,862     1,069,862   1,069,862


Totals for Millennium Corporation Ltd, 1 Shipments                     7,276    7,276        1,981,802   1,981,802             546,977     546,977           58,210    58,210         1,069,862     1,069,862   1,069,862


 Co. Grouping:            Musa Century Limited
Musa Century Limited                  27466 231004        1/12/2023 10,987     10,987        3,508,517 3,508,517              968,351     968,351            87,898    87,898        1,846,502 1,846,502 1,846,502
                                      27488 231011        1/12/2023 5,105       5,105        1,566,099 1,566,099              432,243     432,243            40,837    40,837         801,484       801,484     801,484

                                Totals for 2 Shipments                16,092   16,092        5,074,616   5,074,616            1,400,594   1,400,594         128,735   128,735         2,647,987     2,647,987   2,647,987


Totals for Musa Century Limited, 2 Shipments                          16,092   16,092        5,074,616   5,074,616            1,400,594   1,400,594         128,735   128,735         2,647,987     2,647,987   2,647,987


 Co. Grouping:            Northern Forest Products Ltd
Northern Forest Products Ltd          27527 231109       14/12/2023 4,399       4,399          982,544     982,544            270,986     270,986            35,195    35,195         376,403       376,403     376,403
                                      27560 231201       19/12/2023 3,292       3,292          829,172     829,172            228,851     228,851            26,337    26,337         409,651       409,651     409,651
                                      27561 231201       21/12/2023 2,628       2,628          705,657     705,657            194,620     194,620            21,025    21,025         380,439       380,439     380,439

                                Totals for 3 Shipments                10,320   10,320        2,517,373   2,517,373             694,457     694,457           82,557    82,557         1,166,493     1,166,493   1,166,493


Totals for Northern Forest Products Ltd, 3 Shipments                  10,320   10,320        2,517,373   2,517,373             694,457     694,457           82,557    82,557         1,166,493     1,166,493   1,166,493


 Co. Grouping:            Open Bay Timber Ltd
Open Bay Timber Ltd                   27506 231103       31/12/2023 1,611       1,611          457,393     457,393            120,340     120,340                 0        0                 0             0           0
                                      27507 231103       19/12/2023     856      856           299,307     299,963   657       78,867      79,040     173         0        0                 0             0           0


 17- 4                                                                                                                                                                          Report Number 17:       Page 4 of 7 pages

Page 99 screenshot
Report: Shipment Duty Calculation Comparison Summary for December / 2023                       Continued

Co. Grouping /                       SGS Ref PNGFA         Date    Volume Exported (m3)         FOB Value (Kina)                FOB Value (USD)                   Levy (Kina)         Duty Payable (K)                       Difference
                                                                                                                                                                                                             Duty
Exporter
                                     Number     Permit   Exported Invoice    SGS Diff.     Invoice    SGS     Difference     Invoice SGS    Difference         SGS      Paid Diff.     Invoice        SGS Paid (K)           SGS-Paid

Open Bay Timber Ltd                  27508 231103        31/12/2023 1,115     1,115         284,837     284,837             74,941       74,941                    0        0                 0             0           0
                                     27509 231103        19/12/2023 1,598     1,598         572,562     574,227 1,665      150,870      151,309      439           0        0                 0             0           0
                                     27510 231103        31/12/2023 1,813     1,813         548,760     548,760            144,379      144,379                    0        0                 0             0           0
                                     27511 231103        19/12/2023 3,886     3,886       1,446,720 1,450,797 4,078        381,211      382,285     1,074          0        0                 0             0           0
                                     27512 231103        31/12/2023 3,077     3,077         930,234     930,234            244,745      244,745                    0        0                 0             0           0

                               Totals for 7 Shipments               13,957   13,957       4,539,813   4,546,212   6,399    1,195,352    1,197,038    1,686        0         0                 0             0           0


Totals for Open Bay Timber Ltd, 7 Shipments                         13,957   13,957       4,539,813   4,546,212   6,399    1,195,352    1,197,038    1,686         0         0                0             0            0


 Co. Grouping:            Oro Wood Industry Ltd
Oro Wood Industry Ltd                27515 231105         6/12/2023 2,876     2,876         657,115     660,648 3,533      181,364      182,339      975      23,009    23,009         288,518       290,593     288,518         2,075
                                     27563 231201        16/12/2023 1,940     1,940         566,285     566,285            156,295      156,295               15,519    15,519         312,305       312,305     312,305

                               Totals for 2 Shipments                4,816    4,816       1,223,400   1,226,933   3,533      337,658      338,634     975     38,528    38,528           600,824      602,898     600,824         2,075


Totals for Oro Wood Industry Ltd, 2 Shipments                        4,816    4,816       1,223,400   1,226,933   3,533      337,658      338,634     975     38,528    38,528           600,824      602,898     600,824         2,075


 Co. Grouping:            Pacific Region Development Ltd
Pacific Region Development Ltd       27477 231001        11/12/2023 20,884   20,884       5,499,226 5,499,226             1,517,786    1,517,786             167,072   167,072        2,743,583 2,743,583 2,743,583
                                     27521 231105        19/12/2023 7,311     7,311       1,617,737 1,617,737              446,495      446,495               58,489    58,489         667,630       667,630     667,630
                                     27522 231106        19/12/2023 5,048     5,048       1,011,854 1,011,854              279,272      279,272               40,383    40,383         364,927       364,926     364,927
                                     27523 231106        19/12/2023 2,258     2,258         409,059     409,059            112,900      112,900               18,064    18,064         122,718       122,718     122,718

                               Totals for 4 Shipments               35,501   35,501       8,537,875   8,537,875            2,356,454    2,356,454            284,008   284,008         3,898,857     3,898,857   3,898,857


Totals for Pacific Region Development Ltd, 4 Shipments              35,501   35,501       8,537,875   8,537,875            2,356,454    2,356,454            284,008   284,008         3,898,857     3,898,857   3,898,857


 Co. Grouping:            PJ Plantation Limited
PH Plantation Limited                27443 231001        10/12/2023 5,653     5,653       3,555,684 3,555,684              981,369      981,369               45,223    45,223        2,223,175 2,223,175 2,223,175
                                     27501 231102        10/12/2023 3,170     3,170       1,311,434 1,311,434              361,956      361,956               25,363    25,363         728,081       728,081     728,081

                               Totals for 2 Shipments                8,823    8,823       4,867,118   4,867,118            1,343,325    1,343,325             70,586    70,586         2,951,255     2,951,255   2,951,255


 17- 5                                                                                                                                                                           Report Number 17:       Page 5 of 7 pages

Page 100 screenshot
Report: Shipment Duty Calculation Comparison Summary for December / 2023                        Continued

Co. Grouping /                        SGS Ref PNGFA         Date    Volume Exported (m3)         FOB Value (Kina)                FOB Value (USD)               Levy (Kina)         Duty Payable (K)                       Difference
                                                                                                                                                                                                          Duty
Exporter
                                      Number     Permit   Exported Invoice    SGS Diff.     Invoice    SGS     Difference     Invoice SGS    Difference     SGS      Paid Diff.     Invoice        SGS Paid (K)           SGS-Paid

Totals for PJ Plantation Limited, 2 Shipments                         8,823    8,823       4,867,118   4,867,118            1,343,325   1,343,325          70,586    70,586         2,951,255     2,951,255   2,951,255


 Co. Grouping:            Rimbunan Hijau (PNG) Ltd
Niugini Lumber Merchants Ltd          27537 231110         8/12/2023 2,357     2,357         709,126     709,126            195,719     195,719            18,857    18,857         398,034       398,034     398,034
                                      27538 231111         8/12/2023 1,297     1,297         403,249     403,249            111,297     111,297            10,380    10,380         228,557       228,557     228,557
                                      27539 231112         8/12/2023 1,733     1,733         313,901     313,901             86,637      86,637            13,862    13,862           94,170       94,170      94,170
                                      27540 231111         8/12/2023 2,264     2,264         410,165     410,165            113,206     113,206            18,113    18,113         123,050       123,050     123,050
                                      27553 231200        11/12/2023 2,073     2,073         541,683     541,683            149,505     149,505            16,585    16,585         273,475       273,475     273,475
                                      27554 231200        11/12/2023 1,951     1,951         353,357     353,357             97,527      97,527            15,604    15,604         106,007       106,007     106,007

                                Totals for 6 Shipments               11,675   11,675       2,731,483   2,731,483             753,889     753,889           93,400    93,400         1,223,293     1,223,293   1,223,293


Totals for Rimbunan Hijau (PNG) Ltd, 6 Shipments                     11,675   11,675       2,731,483   2,731,483             753,889     753,889           93,400    93,400         1,223,293     1,223,293   1,223,293


 Co. Grouping:            Summit Agriculture Ltd
Summit Agriculture Ltd                27417 230803         8/12/2023 2,310     2,310         439,852     439,852            121,399     121,399            18,476    18,476         146,146       146,146     146,146
                                      27418 230803         8/12/2023 2,089     2,089         393,649     393,649            108,647     108,647            16,709    16,709         129,310       129,310     129,310
                                      27419 230803         8/12/2023 3,034     3,034         579,664     579,664            159,987     159,987            24,271    24,271         195,790       195,790     195,790
                                      27423 230803         8/12/2023 1,317     1,317         253,604     253,604             69,995      69,995            10,533    10,533           86,807       86,807      86,807
                                      27497 231100         8/12/2023 5,278     5,278       1,065,764 1,065,764              294,151     294,151            42,228    42,228         377,049       377,049     377,049

                                Totals for 5 Shipments               14,027   14,027       2,732,535   2,732,535             754,180     754,180          112,217   112,217           935,101      935,101     935,101


Totals for Summit Agriculture Ltd, 5 Shipments                       14,027   14,027       2,732,535   2,732,535             754,180     754,180          112,217   112,217           935,101      935,101     935,101


 Co. Grouping:            Vanimo Jaya Ltd
Vanimo Jaya Ltd                       27519 231106        23/12/2023 10,531   10,531       2,593,886 2,593,886              715,394     715,394            84,250    84,250        1,174,691 1,174,691 1,174,691
                                      27541 231111        23/12/2023 8,276     8,276       1,912,574 1,912,574              527,488     527,488            66,204    66,204         803,990       803,990     803,990

                                Totals for 2 Shipments               18,807   18,807       4,506,460   4,506,460            1,242,882   1,242,882         150,454   150,454         1,978,682     1,978,682   1,978,682


Totals for Vanimo Jaya Ltd, 2 Shipments                              18,807   18,807       4,506,460   4,506,460            1,242,882   1,242,882         150,454   150,454         1,978,682     1,978,682   1,978,682



 17- 6                                                                                                                                                                        Report Number 17:       Page 6 of 7 pages

Page 101 screenshot
Report: Shipment Duty Calculation Comparison Summary for December / 2023                     Continued

Co. Grouping /                       SGS Ref PNGFA      Date    Volume Exported (m3)          FOB Value (Kina)                  FOB Value (USD)                    Levy (Kina)           Duty Payable (K)                   Difference
                                                                                                                                                                                                               Duty
Exporter
                                     Number   Permit   Exported Invoice    SGS Diff.     Invoice    SGS     Difference       Invoice SGS    Difference          SGS      Paid Diff.       Invoice       SGS Paid (K)        SGS-Paid

Totals for December / 2023, 58 Shipments                       211,110    211,110      64,958,027   64,970,861   12,834   17,867,860   17,871,323   3,462   1,574,969   1,574,969        30,735,293 30,749,160 30,735,293       13,867




 17- 7                                                                                                                                                                              Report Number 17:    Page 7 of 7 pages

Page 102 screenshot
      Revenue, Banking, Document and Shipment Details for Log Exports
             by Exporting Company, Project Site and Shipment
                            for December/2023
  Report Printed: Monday, 29 January 2024


Exporter and IPA Code Number
    Site Code
                  Export      PNGFA Bank                   LC Number/         Bill of          Invoice               SGS       Invoice        SGS          Invoice Exch.
                  Date        Permit                       T/T Remittance     Lading No.       Number               Vol m3      Vol m3      FOB USD       FOB USD Rate

Active Forest Limited ; IPA Code Number:
    Cloudy Bay (FMA 60301)
                 2/12/2023   2311027                       Not Yet Received   AFL©06/2023      AFL©06/2023         5,499.804    5,499.804      463,555       463,555   .2760
    Totals for 'Site Code' = Cloudy Bay (FMA 60301)                                                               5,499.804    5,499.804     463,555       463,555
Totals for 'Exporter' = Active Forest Limited; IPA Code:                                                          5,499.804    5,499.804     463,555       463,555


Amanab 56 Timber Investments Ltd ; IPA Code Number:
    Amanab Blocks 5 & 6 FMA (61002)
                 15/12/2023 2308061                        Not Yet Received   AM-2023-006A     AMNB-2023-2006A     5,412.741    5,412.741    1,244,930     1,244,930   .2760
                 15/12/2023 2308062                        Not Yet Received   AM56-2023-007    AMNB-2023-006B      6,173.455    6,173.455    1,419,895     1,419,895   .2760
                 15/12/2023 2311010                        Not Yet Received   AM56-2023-006B   AMNB-2023-006C      3,917.323    3,917.323      670,994       670,193   .2760
    Totals for 'Site Code' = Amanab Blocks 5 & 6 FMA (61002)                                                     15,503.519 15,503.519      3,335,819     3,335,018



 18- 1                                                                                                                                Report Number 18:   Page 1 of 8 pages

Page 103 screenshot
Report - Log Export Revenues and Volumes and Document Details by Shipment, for December/2023   Continued

Exporter and IPA Code Number
     Site Code
                     Export      PNGFA Bank                          LC Number/                Bill of            Invoice              SGS       Invoice        SGS          Invoice Exch.
                     Date        Permit                              T/T Remittance            Lading No.         Number              Vol m3      Vol m3      FOB USD       FOB USD Rate
Totals for 'Exporter' = Amanab 56 Timber Investments Ltd; IPA Code:                                                                15,503.519 15,503.519      3,335,819     3,335,018


Cakara Alam (PNG) Ltd ; IPA Code Number:
     Rottock Bay Consolidated (FMA 61402)
                    12/12/2023 2311114                               Not Yet Received          GHM/09/23C         2311114            1,282.728    1,282.728       81,105        81,105   .2760
                    12/12/2023 2311115                               Not Yet Received          GHM/09/23A         2311115             696.469      696.469        56,531        56,531   .2760
                    12/12/2023 2312007                               Not Yet Received          GHM/09/23B         2312007            1,244.367    1,244.367       62,218        62,218   .2760
     Totals for 'Site Code' = Rottock Bay Consolidated (FMA 61402)                                                                  3,223.564    3,223.564     199,854       199,854
Totals for 'Exporter' = Cakara Alam (PNG) Ltd; IPA Code:                                                                            3,223.564    3,223.564     199,854       199,854


Continental Alliance Ltd ; IPA Code Number:
     Wagana Wagasu Agro Forestry (FCA 7101
                    8/12/2023   2308015                              Not Yet Received          CAL23/06A          CAL/C23/12/001     2,280.635    2,280.635      137,849       137,849   .2760
                    8/12/2023   2308016                              Not Yet Received          CAL23/06B          CAL/23/12/002      2,938.415    2,938.415      175,698       175,698   .2760
     Totals for 'Site Code' = Wagana Wagasu Agro Forestry (FCA 710                                                                  5,219.050    5,219.050     313,548       313,548
Totals for 'Exporter' = Continental Alliance Ltd; IPA Code:                                                                         5,219.050    5,219.050     313,548       313,548


East Papua Timber Resources Ltd ; IPA Code Number:
     Brown River/Kuriva (10337)
                    12/12/2023 2311122                               Not Yet Received          233770432          EPTRL06,A&B         282.304      282.304        70,576        70,576   .2635
     Totals for 'Site Code' = Brown River/Kuriva (10337)                                                                             282.304      282.304        70,576       70,576
Totals for 'Exporter' = East Papua Timber Resources Ltd; IPA Code:                                                                   282.304      282.304        70,576       70,576


Emo Holdings Limited ; IPA Code Number:
     Moile Integrated Agri. (FCA 10 -14)
                    8/12/2023   2311050                              Not Yet Received          S82306/ARP-02/23   EMO/SB2308-        6,368.822    6,368.822      522,908       522,908   .2760
                                                                                                                  02/2023


 18- 2                                                                                                                                                  Report Number 18:   Page 2 of 8 pages

Page 104 screenshot
Report - Log Export Revenues and Volumes and Document Details by Shipment, for December/2023   Continued

Exporter and IPA Code Number
     Site Code
                     Export      PNGFA Bank                          LC Number/                Bill of      Invoice              SGS       Invoice        SGS          Invoice Exch.
                     Date        Permit                              T/T Remittance            Lading No.   Number              Vol m3      Vol m3      FOB USD       FOB USD Rate
     Totals for 'Site Code' = Moile Integrated Agri. (FCA 10 -14)                                                             6,368.822    6,368.822     522,908       522,908
Totals for 'Exporter' = Emo Holdings Limited; IPA Code:                                                                       6,368.822    6,368.822     522,908       522,908


Global Elite Ltd ; IPA Code Number:
     Wammy Inter. Agro Forestry (FCA71007)
                    8/12/2023   2308031                              Not Yet Received          GEL23/06C    GEL/C23/12/003     1,098.273    1,098.273       58,411       58,411    .2760
                    8/12/2023   2308017                              Not Yet Received          GEL2306A     GEL/C23/12/001     1,475.398    1,475.398       93,479       93,479    .2760
                    8/12/2023   2308018                              Not Yet Received          GEL23/06B    GEL/C23/12/002     1,147.324    1,147.324       61,407       61,407    .2760
     Totals for 'Site Code' = Wammy Inter. Agro Forestry (FCA71007)                                                           3,720.995    3,720.995     213,297       213,297
Totals for 'Exporter' = Global Elite Ltd; IPA Code:                                                                           3,720.995    3,720.995     213,297       213,297


KK Connections Ltd ; IPA Code Number:
     Mengen Integrated (FCA 71522)
                    22/12/2023 2212025                               Not Yet Received          KM22/12/03   KM22/12/03         2,203.832    2,203.832      169,231      169,231    .2915
     Totals for 'Site Code' = Mengen Integrated (FCA 71522)                                                                   2,203.832    2,203.832     169,231       169,231
Totals for 'Exporter' = KK Connections Ltd; IPA Code:                                                                         2,203.832    2,203.832     169,231       169,231


Kulawood Limited ; IPA Code Number:
     Woodlark Intergrated Project (FCA 70401)
                    14/12/2023 2311104                               Not Yet Received          05KW23-B     2311104            3,188.293    3,188.293      159,415      159,415    .2670
                    14/12/2023 2311093                               Not Yet Received          05KW23       2311093            7,487.646    7,487.646      524,392      524,392    .2760
     Totals for 'Site Code' = Woodlark Intergrated Project (FCA 70401                                                        10,675.939 10,675.939       683,807       683,807
Totals for 'Exporter' = Kulawood Limited; IPA Code:                                                                          10,675.939 10,675.939       683,807       683,807


Lucky 99 (PNG) Ltd ; IPA Code Number:
     Rakona/Aimorao Road No.1 (TA 13-279)
                    15/12/2023 2311124                               Not Yet Received          LLF/08/23    LLF/08/23           635.042      635.042        58,059       58,059    .2670

 18- 3                                                                                                                                            Report Number 18:   Page 3 of 8 pages

Page 105 screenshot
Report - Log Export Revenues and Volumes and Document Details by Shipment, for December/2023   Continued

Exporter and IPA Code Number
     Site Code
                     Export      PNGFA Bank                          LC Number/                Bill of        Invoice            SGS       Invoice        SGS          Invoice Exch.
                     Date        Permit                              T/T Remittance            Lading No.     Number            Vol m3      Vol m3      FOB USD       FOB USD Rate
     Totals for 'Site Code' = Rakona/Aimorao Road No.1 (TA 13-279)                                                             635.042      635.042        58,059       58,059

     Wasu Export point (TA 13-280)
                    15/12/2023 2311125                               Not Yet Received          LLF/09/23      LLF/09/23        3,701.009    3,701.009      301,437       301,437   .2760
     Totals for 'Site Code' = Wasu Export point (TA 13-280)                                                                   3,701.009    3,701.009     301,437       301,437
Totals for 'Exporter' = Lucky 99 (PNG) Ltd; IPA Code:                                                                         4,336.051    4,336.051     359,496       359,496


Millennium Corporation Ltd ; IPA Code Number:
     East Ferguson TRP (10404)
                    4/12/2023   2311021                              Not Yet Received          23EF07         MCL-E07/23       7,276.205    7,276.205      546,977       546,977   .2760
     Totals for 'Site Code' = East Ferguson TRP (10404)                                                                       7,276.205    7,276.205     546,977       546,977
Totals for 'Exporter' = Millennium Corporation Ltd; IPA Code:                                                                 7,276.205    7,276.205     546,977       546,977


Musa Century Limited ; IPA Code Number:
     Lower Musa Agro, (FCA 70505)
                    1/12/2023   2310046                              Not Yet Received          MS-05A/23-BL   MS-05A/23-BL    10,987.195   10,987.195      968,351       968,351   .2760
                    1/12/2023   2310110                              Not Yet Received          MS-05B/23-BL   MS-05B/23-BL     5,104.644    5,104.644      432,243       432,243   .2760
     Totals for 'Site Code' = Lower Musa Agro, (FCA 70505)                                                                   16,091.839 16,091.839      1,400,594     1,400,594
Totals for 'Exporter' = Musa Century Limited; IPA Code:                                                                      16,091.839 16,091.839      1,400,594     1,400,594


Niugini Lumber Merchants Ltd ; IPA Code Number:
     Andru Johana (LFA 21410)
                    8/12/2023   2311113                              Not Yet Received          FS-2301-03D    FS-2301-03D      1,297.482    1,297.482      111,297       111,297   .2760
                    8/12/2023   2311120                              Not Yet Received          FS-2301-03C    FS-2301-03C      1,732.736    1,732.736       86,637        86,637   .2760
     Totals for 'Site Code' = Andru Johana (LFA 21410)                                                                        3,030.218    3,030.218     197,934       197,934

     Asengseng Consolidated FMA (61401)
                    8/12/2023   2311108                              Not Yet Received          FS-2301-03B    FS-2301-03B      2,357.063    2,357.063      195,719       195,719   .2760


 18- 4                                                                                                                                            Report Number 18:   Page 4 of 8 pages

Page 106 screenshot
Report - Log Export Revenues and Volumes and Document Details by Shipment, for December/2023   Continued

Exporter and IPA Code Number
     Site Code
                     Export      PNGFA Bank                          LC Number/                Bill of        Invoice            SGS       Invoice        SGS          Invoice Exch.
                     Date        Permit                              T/T Remittance            Lading No.     Number            Vol m3      Vol m3      FOB USD       FOB USD Rate
                    8/12/2023   2311119                              Not Yet Received          FS-2301-03A    FS-2301-03A      2,264.111    2,264.111      113,206       113,206   .2760
                    11/12/2023 2312001                               Not Yet Received          FS-2023-04A    FS-2301-04A      2,073.078    2,073.078      149,505       149,505   .2760
                    11/12/2023 2312002                               Not Yet Received          FS-2301-04B    FS-2301-04B      1,950.533    1,950.533       97,527        97,527   .2760
     Totals for 'Site Code' = Asengseng Consolidated FMA (61401)                                                              8,644.785    8,644.785     555,956       555,956
Totals for 'Exporter' = Niugini Lumber Merchants Ltd; IPA Code:                                                              11,675.003 11,675.003       753,889       753,889


Northern Forest Products Ltd ; IPA Code Number:
     Wanigela Tree Plantation (FCA 70506)
                    14/12/2023 2311090     Kina Bank Ltd- Pom HQ     TT REF: 202300438761      NFPL19/12/01   NFP01-12/23      4,399.429    4,399.429      270,986       270,986   .2758
                    19/12/2023 2312018     Kina Bank Ltd- Pom HQ     ACCNT.60125302            NFPL19/12/02   NFPL02-12/23     3,292.169    3,292.169      228,851       228,851   .2760
                    21/12/2023 2312012     Kina Bank Ltd- Pom HQ     TT -ACCNT#60125302        WN-07/23*BL    NPFL03-12/23     2,628.082    2,628.082      194,620       194,620   .2758
     Totals for 'Site Code' = Wanigela Tree Plantation (FCA 70506)                                                           10,319.680 10,319.680       694,457       694,457
Totals for 'Exporter' = Northern Forest Products Ltd; IPA Code:                                                              10,319.680 10,319.680       694,457       694,457


Open Bay Timber Ltd ; IPA Code Number:
     Open Bay Consolidated [Pltn] (TP 11501)
                    19/12/2023 2311036                               Not Yet Received          OBT-2023-05    OBT-2023-05      3,885.933    3,885.933      382,285       381,211   .2635
                    19/12/2023 2311037                               Not Yet Received          OBT-2023-05    OBT-2023-05      1,597.990    1,597.990      151,309       150,870   .2635
                    19/12/2023 2311038                               Not Yet Received          OBT-2023-05    OBT-2023-05       856.480      856.480        79,040        78,867   .2635
                    31/12/2023 2311030                               Not Yet Received          OBT-2023-07    OBT-2023-07      3,076.704    3,076.704      244,745       244,745   .2631
                    31/12/2023 2311031                               Not Yet Received          OBT-2023-07    OBT-2023-07      1,813.361    1,813.361      144,379       144,379   .2631
                    31/12/2023 2311032                               Not Yet Received          OBT-2023-07    OBT-2023-07      1,611.423    1,611.423      120,340       120,340   .2631
                    31/12/2023 2311033                               Not Yet Received          OBP-2023-07    OBT-2023-07      1,115.131    1,115.131       74,941        74,941   .2631
     Totals for 'Site Code' = Open Bay Consolidated [Pltn] (TP 11501)                                                        13,957.022 13,957.022      1,197,038     1,195,352
Totals for 'Exporter' = Open Bay Timber Ltd; IPA Code:                                                                       13,957.022 13,957.022      1,197,038     1,195,352




 18- 5                                                                                                                                            Report Number 18:   Page 5 of 8 pages

Page 107 screenshot
Report - Log Export Revenues and Volumes and Document Details by Shipment, for December/2023   Continued

Exporter and IPA Code Number
     Site Code
                     Export      PNGFA Bank                          LC Number/                Bill of         Invoice                SGS       Invoice        SGS          Invoice Exch.
                     Date        Permit                              T/T Remittance            Lading No.      Number                Vol m3      Vol m3      FOB USD       FOB USD Rate

Oro Wood Industry Ltd ; IPA Code Number:
     Ifane Agro-Forest Project - (FCA 70503)
                    6/12/2023   2311056                              Not Yet Received          OWI06/12/01     OWI06/12/01          2,876.146    2,876.146      182,339       181,364   .2760
                    16/12/2023 2312010                               Not Yet Received          OWI15/12/01     OWI1/12/01           1,939.904    1,939.904      156,295       156,295   .2760
     Totals for 'Site Code' = Ifane Agro-Forest Project - (FCA 70503)                                                              4,816.050    4,816.050     338,634       337,658
Totals for 'Exporter' = Oro Wood Industry Ltd; IPA Code:                                                                           4,816.050    4,816.050     338,634       337,658


Pacific Region Development Ltd ; IPA Code Number:
     Bergberg Extn TRP (11512)
                    19/12/2023 2311061                               Not Yet Received          PRDL®08C/2023   PRDL(R(08C/2023      2,258.006    2,258.006      112,900       112,900   .2760
     Totals for 'Site Code' = Bergberg Extn TRP (11512)                                                                            2,258.006    2,258.006     112,900       112,900

     Senbam Cons. (TP 11552)
                    11/12/2023 2310014                               Not Yet Received          PRDL®08/2023    PRDL®08/2023        20,883.976   20,883.976    1,517,786     1,517,786   .2760
     Totals for 'Site Code' = Senbam Cons. (TP 11552)                                                                             20,883.976 20,883.976      1,517,786     1,517,786

     Tokai Matong (TP 11545)
                    19/12/2023 2311060                               Not Yet Received          PRDL®08B/2023   PRDL R) 08B/2023     5,047.847    5,047.847      279,272       279,272   .2760
     Totals for 'Site Code' = Tokai Matong (TP 11545)                                                                              5,047.847    5,047.847     279,272       279,272

     Waterfall bay Extn CONS.TRP(TP 11555)
                    19/12/2023 2311059                               Not Yet Received          PRDL®08A/2023   PRDL®08A2023         7,311.148    7,311.148      446,495       446,495   .2760
     Totals for 'Site Code' = Waterfall bay Extn CONS.TRP(TP 11555)                                                                7,311.148    7,311.148     446,495       446,495
Totals for 'Exporter' = Pacific Region Development Ltd; IPA Code:                                                                 35,500.977 35,500.977      2,356,454     2,356,454


PH Plantation Limited ; IPA Code Number:
     Idam Siawi Agro-Forest Pro. (FCA 71009)
                    10/12/2023 2311026                               Not Yet Received          PH-23-03        PH-2023-12           3,170.345    3,170.345      361,956       361,956   .2760


 18- 6                                                                                                                                                 Report Number 18:   Page 6 of 8 pages

Page 108 screenshot
Report - Log Export Revenues and Volumes and Document Details by Shipment, for December/2023   Continued

Exporter and IPA Code Number
     Site Code
                     Export      PNGFA Bank                          LC Number/                Bill of       Invoice              SGS       Invoice        SGS          Invoice Exch.
                     Date        Permit                              T/T Remittance            Lading No.    Number              Vol m3      Vol m3      FOB USD       FOB USD Rate
                    10/12/2023 2310010                               Not Yet Received          PH-23-02      PH-2023-11         5,652.876    5,652.876      981,369       981,369   .2760
     Totals for 'Site Code' = Idam Siawi Agro-Forest Pro. (FCA 71009)                                                          8,823.221    8,823.221    1,343,325     1,343,325
Totals for 'Exporter' = PH Plantation Limited; IPA Code:                                                                       8,823.221    8,823.221    1,343,325     1,343,325


Stettin Bay Lumber Co. Ltd ; IPA Code Number: 1-898
     Ania Kapiura Consolidated (11452)
                    2/12/2023   2311058                              Not Yet Received          FS-2301-02A   FS-2301-02A        3,846.385    3,846.385      309,057       309,057   .2760
                    2/12/2023   2311064                              Not Yet Received          FS-2301-02B   FS-2301-02B        1,070.635    1,070.635       58,885        58,885   .2760
                    5/12/2023   2311049                              Not Yet Received          PK/2301-01A   KP-2301-01A        2,520.738    2,520.738      181,112       181,112   .2760
     Totals for 'Site Code' = Ania Kapiura Consolidated (11452)                                                                7,437.758    7,437.758     549,054       549,054
Totals for 'Exporter' = Stettin Bay Lumber Co. Ltd; IPA Code: 1-898                                                            7,437.758    7,437.758     549,054       549,054


Summit Agriculture Ltd ; IPA Code Number:
     Angoram Intergrated (FCA 71104)
                    8/12/2023   2308037                              Not Yet Received          SAL23/06B     SAL/C23/12/002     2,309.532    2,309.532      121,399       121,399   .2760
                    8/12/2023   2308038                              Not Yet Received          SAL23/06C     SAL/C23/12/003     2,088.644    2,088.644      108,647       108,647   .2760
                    8/12/2023   2311003                              Not Yet Received          SAL23/06D     SAL/C23/12/004     5,278.482    5,278.482      294,151       294,151   .2760
     Totals for 'Site Code' = Angoram Intergrated (FCA 71104)                                                                  9,676.658    9,676.658     524,197       524,197

     Gweing Wagasu Agro-Forestry (FCA 7101
                    8/12/2023   2308032                              Not Yet Received          SAL2306E      SAL/C23/12/005     1,316.632    1,316.632       69,995        69,995   .2760
     Totals for 'Site Code' = Gweing Wagasu Agro-Forestry (FCA 710                                                             1,316.632    1,316.632       69,995       69,995

     Wewak/Turubu (FCA 71103)
                    8/12/2023   2308039                              Not Yet Received          SAL23/06A     SALC23/12/001      3,033.848    3,033.848      159,987       159,987   .2760
     Totals for 'Site Code' = Wewak/Turubu (FCA 71103)                                                                         3,033.848    3,033.848     159,987       159,987
Totals for 'Exporter' = Summit Agriculture Ltd; IPA Code:                                                                     14,027.138 14,027.138       754,180       754,180



 18- 7                                                                                                                                             Report Number 18:   Page 7 of 8 pages

Page 109 screenshot
Report - Log Export Revenues and Volumes and Document Details by Shipment, for December/2023   Continued

Exporter and IPA Code Number
     Site Code
                     Export      PNGFA Bank                          LC Number/                Bill of        Invoice            SGS       Invoice         SGS          Invoice Exch.
                     Date        Permit                              T/T Remittance            Lading No.     Number            Vol m3      Vol m3       FOB USD       FOB USD Rate

Vanimo Jaya Ltd ; IPA Code Number:
     Makapa Timber Area (TP1-9)
                    23/12/2023 2311063     Kina Bank Ltd- Pom HQ     202300470031              MKP/009/2023   MKP/009/2023    10,531.238   10,531.238       715,394       715,394   .2758
                    23/12/2023 2311112     Kina Bank Ltd- Pom HQ     202300537867              MKP/010/2-23   MKP/010/2023     8,275.531    8,275.531       527,488       527,488   .2758
     Totals for 'Site Code' = Makapa Timber Area (TP1-9)                                                                     18,806.769 18,806.769       1,242,882     1,242,882
Totals for 'Exporter' = Vanimo Jaya Ltd; IPA Code:                                                                           18,806.769 18,806.769       1,242,882     1,242,882


Wasu Resource Ltd ; IPA Code Number:
     Wasu Cattle farm (FCA 13-03)
                    15/12/2023 2311127                               Not Yet Received          WS13/23        WS13/23          3,046.081    3,046.081       206,816       206,816   .2760
                    15/12/2023 2311126                               Not Yet Received          S5/23          S5/23            2,298.836    2,298.836       154,933       154,933   .2760
     Totals for 'Site Code' = Wasu Cattle farm (FCA 13-03)                                                                    5,344.917    5,344.917      361,749       361,749
Totals for 'Exporter' = Wasu Resource Ltd; IPA Code:                                                                          5,344.917    5,344.917      361,749       361,749



Grand Totals
      Tota                                                                                                                     211,110      211,110     17,871,323    17,867,860




 18- 8                                                                                                                                            Report Number 18:    Page 8 of 8 pages

Page 110 screenshot
Substantial Log Export Permit Discrepancies in Log Volumes Loaded for Export for
December/2023 (discrepancies exceeding 40%, or exceeding 10% and 40 m3)
Report printed: 29/01/2024 10:33:34 AM


                                                                                                             SGS Date       Permit                            Species/        Permit Shipped Discrep-
Co. Grouping                        Exporter                         Site                                  Ref No. Exported Number Grade                      Group          Vol. (m3) Vol. (m3) ancy (%)

Pacific Region                      Pacific Region Development Ltd Waterfall bay Extn CONS.TRP(TP 11555) 27521         19/12/2023 2311059 Saw/Veneer          Malas                  10      298.752      2887.5
Development Ltd
Oro Wood Industry Ltd               Oro Wood Industry Ltd            Ifane Agro-Forest Project - (FCA 70503) 27515      6/12/2023   2311056   Saw/Veneer      Burckella           4.031       40.041        893.3
Lucky Logging Limited               Wasu Resource Ltd                Wasu Cattle farm (FCA 13-03)            27544     15/12/2023   2311126   Saw/Veneer      Erima                  21       202.62        864.9
Lucky 99 (PNG) Ltd                  Lucky 99 (PNG) Ltd               Wasu Export point (TA 13-280)           27542     15/12/2023   2311125   Saw/Veneer      Group 2                 2       14.473        623.7
Pacific Region                      Pacific Region Development Ltd   Waterfall bay Extn CONS.TRP(TP 11555) 27521       19/12/2023   2311059   Saw/Veneer      Planchonella           10       70.302        603.0
Development Ltd
Musa Century Limited                Musa Century Limited             Lower Musa Agro, (FCA 70505)            27488      1/12/2023 2310110 Saw/Veneer          Pencil Cedar      83.063           520        526.0
Lucky Logging Limited               Wasu Resource Ltd                Wasu Cattle farm (FCA 13-03)            27544     15/12/2023 2311126 Saw/Veneer          Calophyllum            2         12.01        500.5
Open Bay Timber Ltd                 Open Bay Timber Ltd              Open Bay Consolidated [Pltn] (TP 11501) 27510     31/12/2023 2311031 Plantation diam     Group 2               50       298.733        497.5
                                                                                                                                          40 - 49 cm: super
                                                                                                                                          small
Lucky Logging Limited               Wasu Resource Ltd                Wasu Cattle farm (FCA 13-03)            27544     15/12/2023 2311126 Saw/Veneer          Taun                   50       275.39        450.8
Open Bay Timber Ltd                 Open Bay Timber Ltd              Open Bay Consolidated [Pltn] (TP 11501) 27506     31/12/2023 2311032 Plantation diam     Group 2                50      249.686        399.4
                                                                                                                                          40 - 49 cm: super
                                                                                                                                          small
CS Boss International Ltd           Stettin Bay Lumber Co. Ltd     Ania Kapiura Consolidated (11452)           27518    5/12/2023 2311049 Saw/Veneer          Group 3                50      222.271        344.5
CS Boss International Ltd           Stettin Bay Lumber Co. Ltd     Ania Kapiura Consolidated (11452)           27518    5/12/2023 2311049 Saw/Veneer          Group 4               100      400.079        300.1
Pacific Region                      Pacific Region Development Ltd Senbam Cons. (TP 11552)                     27477   11/12/2023 2310014 Saw/Veneer          Malas                  10       39.069        290.7
Development Ltd
Oro Wood Industry Ltd               Oro Wood Industry Ltd            Ifane Agro-Forest Project - (FCA 70503)   27515    6/12/2023   2311056   Saw/Veneer      PNG Mersawa       63.359       195.032        207.8
Lucky 99 (PNG) Ltd                  Lucky 99 (PNG) Ltd               Rakona/Aimorao Road No.1 (TA 13-279)      27543   15/12/2023   2311124   Saw/Veneer      Taun                   2         6.034        201.7
Oro Wood Industry Ltd               Oro Wood Industry Ltd            Ifane Agro-Forest Project - (FCA 70503)   27515    6/12/2023   2311056   Saw/Veneer      Malas              5.074        15.016        195.9
Oro Wood Industry Ltd               Oro Wood Industry Ltd            Ifane Agro-Forest Project - (FCA 70503)   27515    6/12/2023   2311056   Saw/Veneer      Kwila              17.92        52.627        193.7




 19- 1                                                                                                                                                                   Report Number 19:     Page 1 of 9 pages

Page 111 screenshot
Field163:
REPORT - Substantial Log Export Permit Discrepancies in Volumes Exported for December/2023             Continued

                                                                                                    SGS Date       Permit                           Species/           Permit Shipped Discrep-
Co. Grouping                Exporter                       Site                                   Ref No. Exported Number Grade                     Group             Vol. (m3) Vol. (m3) ancy (%)

Open Bay Timber Ltd         Open Bay Timber Ltd            Open Bay Consolidated [Pltn] (TP 11501) 27510     31/12/2023 2311031 Plantation diam     Group 2                   50      139.877        179.8
                                                                                                                                50 - 59 cm: small
Global Elite Ltd            Global Elite Ltd               Wammy Inter. Agro Forestry (FCA71007) 27416        8/12/2023 2308031 Saw/Veneer          Group 3                   30       83.479        178.3
Northern Forest Products    Northern Forest Products Ltd   Wanigela Tree Plantation (FCA 70506)  27561       21/12/2023 2312012 Saw/Veneer          Erima                     49      132.031        169.5
Ltd
Pacific Region              Pacific Region Development Ltd Senbam Cons. (TP 11552)                   27477   11/12/2023 2310014 Saw/Veneer          Dillenia                  50      131.872        163.7
Development Ltd
Pacific Region              Pacific Region Development Ltd Waterfall bay Extn CONS.TRP(TP 11555) 27521       19/12/2023 2311059 Saw/Veneer          Lophopetallum              5       13.097        161.9
Development Ltd                                                                                                                                     /Perupok
Northern Forest Products    Northern Forest Products Ltd   Wanigela Tree Plantation (FCA 70506)      27560   19/12/2023 2312018 Saw/Veneer          Taun                     110       280.83        155.3
Ltd
Lucky 99 (PNG) Ltd          Lucky 99 (PNG) Ltd             Wasu Export point (TA 13-280)             27542   15/12/2023   2311125   Saw/Veneer      Erima                    36        90.782        152.2
Global Elite Ltd            Global Elite Ltd               Wammy Inter. Agro Forestry (FCA71007)     27415    8/12/2023   2308017   Saw/Veneer      Group 3                  30        72.603        142.0
Rimbunan Hijau (PNG) Ltd    Niugini Lumber Merchants Ltd   Asengseng Consolidated FMA (61401)        27537    8/12/2023   2311108   Saw/Veneer      Pencil Cedar             50       119.269        138.5
Oro Wood Industry Ltd       Oro Wood Industry Ltd          Ifane Agro-Forest Project - (FCA 70503)   27515    6/12/2023   2311056   Saw/Veneer      PNG Walnut            9.505        22.673        138.5
Musa Century Limited        Musa Century Limited           Lower Musa Agro, (FCA 70505)              27488    1/12/2023   2310110   Saw/Veneer      PNG Walnut           51.654       118.098        128.6
Northern Forest Products    Northern Forest Products Ltd   Wanigela Tree Plantation (FCA 70506)      27560   19/12/2023   2312018   Saw/Veneer      PNG Mersawa             375       852.423        127.3
Ltd
Northern Forest Products    Northern Forest Products Ltd   Wanigela Tree Plantation (FCA 70506)      27560   19/12/2023 2312018 Saw/Veneer          Terminalia                51      114.851        125.2
Ltd
CS Boss International Ltd   Stettin Bay Lumber Co. Ltd     Ania Kapiura Consolidated (11452)       27524      2/12/2023 2311058 Saw/Veneer          Malas                   200       446.206        123.1
Oro Wood Industry Ltd       Oro Wood Industry Ltd          Ifane Agro-Forest Project - (FCA 70503) 27563     16/12/2023 2312010 Saw/Veneer          Kwila                38.615        84.275        118.2
Open Bay Timber Ltd         Open Bay Timber Ltd            Open Bay Consolidated [Pltn] (TP 11501) 27507     19/12/2023 2311038 Plantation diam     Group 2                  50       108.877        117.8
                                                                                                                                50 - 59 cm: small
Rimbunan Hijau (PNG) Ltd    Niugini Lumber Merchants Ltd   Asengseng Consolidated FMA (61401)        27537    8/12/2023 2311108 Saw/Veneer          Calophyllum              120      245.059        104.2
Lucky Logging Limited       Wasu Resource Ltd              Wasu Cattle farm (FCA 13-03)              27544   15/12/2023 2311126 Saw/Veneer          PNG Walnut                65      129.704         99.5
Northern Forest Products    Northern Forest Products Ltd   Wanigela Tree Plantation (FCA 70506)      27560   19/12/2023 2312018 Saw/Veneer          Kwila                     15       29.585         97.2
Ltd
Rimbunan Hijau (PNG) Ltd    Niugini Lumber Merchants Ltd   Asengseng Consolidated FMA (61401)        27537    8/12/2023   2311108   Saw/Veneer      Group 4                  30        57.963         93.2
Musa Century Limited        Musa Century Limited           Lower Musa Agro, (FCA 70505)              27488    1/12/2023   2310110   Saw/Veneer      Planchonella         35.614        68.357         91.9
Global Elite Ltd            Global Elite Ltd               Wammy Inter. Agro Forestry (FCA71007)     27414    8/12/2023   2308018   Saw/Veneer      Group 3                  50        95.777         91.6
Vanimo Jaya Ltd             Vanimo Jaya Ltd                Makapa Timber Area (TP1-9)                27541   23/12/2023   2311112   Saw/Veneer      Lophopetallum             8        15.171         89.6
                                                                                                                                                    /Perupok
Active Forest Limited       Active Forest Limited          Cloudy Bay (FMA 60301)                    27502    2/12/2023 2311027 Saw/Veneer          Burckella                146      275.554         88.7
Lucky Logging Limited       Wasu Resource Ltd              Wasu Cattle farm (FCA 13-03)              27544   15/12/2023 2311126 Saw/Veneer          Canarium                   8        14.94         86.8
Summit Agriculture Ltd      Summit Agriculture Ltd         Angoram Intergrated (FCA 71104)           27497    8/12/2023 2311003 Saw/Veneer          Group 3                  150      279.393         86.3


 19- 2                                                                                                                                                            Report Number 19:     Page 2 of 9 pages

Page 112 screenshot
Field163:
REPORT - Substantial Log Export Permit Discrepancies in Volumes Exported for December/2023                  Continued

                                                                                                          SGS Date       Permit                            Species/             Permit Shipped Discrep-
Co. Grouping                 Exporter                         Site                                      Ref No. Exported Number Grade                      Group               Vol. (m3) Vol. (m3) ancy (%)

Northern Forest Products     Northern Forest Products Ltd     Wanigela Tree Plantation (FCA 70506)       27560   19/12/2023 2312018 Saw/Veneer             Pencil Cedar                33       61.331         85.9
Ltd
Rimbunan Hijau (PNG) Ltd     Niugini Lumber Merchants Ltd     Asengseng Consolidated FMA (61401)         27553   11/12/2023   2312001   Saw/Veneer         Burckella                   40       72.791         82.0
Lucky 99 (PNG) Ltd           Lucky 99 (PNG) Ltd               Wasu Export point (TA 13-280)              27542   15/12/2023   2311125   Saw/Veneer         Group 3                     52           94         80.8
Lucky Logging Limited        Wasu Resource Ltd                Wasu Cattle farm (FCA 13-03)               27545   15/12/2023   2311127   Saw/Veneer         Taun                       354      630.219         78.0
Rimbunan Hijau (PNG) Ltd     Niugini Lumber Merchants Ltd     Asengseng Consolidated FMA (61401)         27537    8/12/2023   2311108   Saw/Veneer         Burckella                   50       88.852         77.7
Lucky 99 (PNG) Ltd           Lucky 99 (PNG) Ltd               Wasu Export point (TA 13-280)              27542   15/12/2023   2311125   Saw/Veneer         Canarium                     1        1.754         75.4
Northern Forest Products     Northern Forest Products Ltd     Wanigela Tree Plantation (FCA 70506)       27561   21/12/2023   2312012   Saw/Veneer         Group 3                    390      678.626         74.0
Ltd
Lucky Logging Limited        Wasu Resource Ltd                Wasu Cattle farm (FCA 13-03)               27544   15/12/2023   2311126   Saw/Veneer         Terminalia                 104      179.642         72.7
Lucky Logging Limited        Wasu Resource Ltd                Wasu Cattle farm (FCA 13-03)               27544   15/12/2023   2311126   Saw/Veneer         Group 2                     50       86.299         72.6
Lucky Logging Limited        Wasu Resource Ltd                Wasu Cattle farm (FCA 13-03)               27544   15/12/2023   2311126   Saw/Veneer         Planchonella                 9       15.452         71.7
Northern Forest Products     Northern Forest Products Ltd     Wanigela Tree Plantation (FCA 70506)       27561   21/12/2023   2312012   Saw/Veneer         Group 2                    125      213.818         71.1
Ltd
Millennium Corporation Ltd   Millennium Corporation Ltd       East Ferguson TRP (10404)                  27505    4/12/2023   2311021   Saw/Veneer         Burckella                   12       20.155         68.0
Lucky Logging Limited        Wasu Resource Ltd                Wasu Cattle farm (FCA 13-03)               27544   15/12/2023   2311126   Saw/Veneer         Group 3                     70      116.807         66.9
Emo Holdings Limited         Emo Holdings Limited             Moile Integrated Agri. (FCA 10 -14)        27517    8/12/2023   2311050   Saw/Veneer         Dillenia                    61      100.012         64.0
East Papua Timber            East Papua Timber Resources      Brown River/Kuriva (10337)                 27548   12/12/2023   2311122   Plantation diam    Teak (b) tiny              100      163.697         63.7
Resources Ltd                Ltd                                                                                                        20 - 29 cm: tiny   small (plntn)
                                                                                                                                        small
Continental Alliance Ltd     Continental Alliance Ltd         Wagana Wagasu Agro Forestry (FCA 710 27412          8/12/2023   2308016   Saw/Veneer         Group 3                   100       162.952         63.0
CS Boss International Ltd    Stettin Bay Lumber Co. Ltd       Ania Kapiura Consolidated (11452)        27524      2/12/2023   2311058   Saw/Veneer         Canarium                  100       161.583         61.6
Vanimo Jaya Ltd              Vanimo Jaya Ltd                  Makapa Timber Area (TP1-9)               27541     23/12/2023   2311112   Saw/Veneer         Dillenia                   10          15.8         58.0
Lucky 99 (PNG) Ltd           Lucky 99 (PNG) Ltd               Wasu Export point (TA 13-280)            27542     15/12/2023   2311125   Saw/Veneer         PNG Walnut                 27        42.462         57.3
Musa Century Limited         Musa Century Limited             Lower Musa Agro, (FCA 70505)             27488      1/12/2023   2310110   Saw/Veneer         Malas                  26.182        41.146         57.2
Vanimo Jaya Ltd              Vanimo Jaya Ltd                  Makapa Timber Area (TP1-9)               27541     23/12/2023   2311112   Saw/Veneer         Malas                      50        78.431         56.9
Aset Meriah (PNG) Ltd        Kulawood Limited                 Woodlark Intergrated Project (FCA 70401) 27525     14/12/2023   2311093   Saw/Veneer         Canarium                   75       116.971         56.0
Aset Meriah (PNG) Ltd        Kulawood Limited                 Woodlark Intergrated Project (FCA 70401) 27525     14/12/2023   2311093   Saw/Veneer         Terminalia                170       261.887         54.1
Continental Alliance Ltd     Continental Alliance Ltd         Wagana Wagasu Agro Forestry (FCA 710 27412          8/12/2023   2308016   Saw/Veneer         Group 2                    50         76.76         53.5
Pacific Region               Pacific Region Development Ltd   Waterfall bay Extn CONS.TRP(TP 11555) 27521        19/12/2023   2311059   Saw/Veneer         Erima                      80       122.767         53.5
Development Ltd
Oro Wood Industry Ltd        Oro Wood Industry Ltd            Ifane Agro-Forest Project - (FCA 70503)    27515    6/12/2023   2311056   Saw/Veneer         Pencil Cedar           25.859         39.61         53.2
Musa Century Limited         Musa Century Limited             Lower Musa Agro, (FCA 70505)               27466    1/12/2023   2310046   Saw/Veneer         Planchonella          111.569       170.734         53.0
Rimbunan Hijau (PNG) Ltd     Niugini Lumber Merchants Ltd     Asengseng Consolidated FMA (61401)         27537    8/12/2023   2311108   Saw/Veneer         Terminalia                 50        76.396         52.8
Lucky 99 (PNG) Ltd           Lucky 99 (PNG) Ltd               Wasu Export point (TA 13-280)              27542   15/12/2023   2311125   Saw/Veneer         Kwila                     265       403.399         52.2


 19- 3                                                                                                                                                                     Report Number 19:     Page 3 of 9 pages

Page 113 screenshot
Field163:
REPORT - Substantial Log Export Permit Discrepancies in Volumes Exported for December/2023                 Continued

                                                                                                         SGS Date       Permit                        Species/          Permit Shipped Discrep-
Co. Grouping                Exporter                         Site                                      Ref No. Exported Number Grade                  Group            Vol. (m3) Vol. (m3) ancy (%)

Rimbunan Hijau (PNG) Ltd Niugini Lumber Merchants Ltd        Asengseng Consolidated FMA (61401)      27553      11/12/2023 2312001 Saw/Veneer         Group 4                 300      447.506         49.2
Open Bay Timber Ltd      Open Bay Timber Ltd                 Open Bay Consolidated [Pltn] (TP 11501) 27512      31/12/2023 2311030 Plantation diam    Group 2                 500      745.344         49.1
                                                                                                                                   20 - 29 cm: tiny
                                                                                                                                   small
Oro Wood Industry Ltd       Oro Wood Industry Ltd            Ifane Agro-Forest Project - (FCA 70503) 27563      16/12/2023 2312010 Saw/Veneer         Group 2             78.467       116.921         49.0
Summit Agriculture Ltd      Summit Agriculture Ltd           Wewak/Turubu (FCA 71103)                27419       8/12/2023 2308039 Saw/Veneer         Group 3                100       148.246         48.2
Summit Agriculture Ltd      Summit Agriculture Ltd           Angoram Intergrated (FCA 71104)         27417       8/12/2023 2308037 Saw/Veneer         Group 4                140       207.191         48.0
Oro Wood Industry Ltd       Oro Wood Industry Ltd            Ifane Agro-Forest Project - (FCA 70503) 27563      16/12/2023 2312010 Saw/Veneer         Group 4            188.099       275.909         46.7
Pacific Region              Pacific Region Development Ltd   Waterfall bay Extn CONS.TRP(TP 11555) 27521        19/12/2023 2311059 Saw/Veneer         Group 4                400       584.251         46.1
Development Ltd
Emo Holdings Limited        Emo Holdings Limited             Moile Integrated Agri. (FCA 10 -14)        27517    8/12/2023   2311050   Saw/Veneer     Group 3                878 1274.092              45.1
CS Boss International Ltd   Stettin Bay Lumber Co. Ltd       Ania Kapiura Consolidated (11452)          27524    2/12/2023   2311058   Saw/Veneer     Burckella              100 144.044               44.0
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd            Rottock Bay Consolidated (FMA 61402)       27547   12/12/2023   2311115   Saw/Veneer     Malas                  380 543.888               43.1
Vanimo Jaya Ltd             Vanimo Jaya Ltd                  Makapa Timber Area (TP1-9)                 27541   23/12/2023   2311112   Saw/Veneer     Planchonella            25   35.571              42.3
Oro Wood Industry Ltd       Oro Wood Industry Ltd            Ifane Agro-Forest Project - (FCA 70503)    27563   16/12/2023   2312010   Saw/Veneer     Group 3            298.994   419.98              40.5
CS Boss International Ltd   Stettin Bay Lumber Co. Ltd       Ania Kapiura Consolidated (11452)          27524    2/12/2023   2311058   Saw/Veneer     Group 4                500 695.908               39.2
Pacific Region              Pacific Region Development Ltd   Senbam Cons. (TP 11552)                    27477   11/12/2023   2310014   Saw/Veneer     Erima                  450 608.081               35.1
Development Ltd
Musa Century Limited        Musa Century Limited             Lower Musa Agro, (FCA 70505)               27488    1/12/2023   2310110   Saw/Veneer     Kwila              374.637       504.956         34.8
KK Connections Ltd          KK Connections Ltd               Mengen Integrated (FCA 71522)              26956   22/12/2023   2212025   Saw/Veneer     Dillenia               450       606.477         34.8
CS Boss International Ltd   Stettin Bay Lumber Co. Ltd       Ania Kapiura Consolidated (11452)          27524    2/12/2023   2311058   Saw/Veneer     Terminalia             300       400.201         33.4
PJ Plantation Limited       PH Plantation Limited            Idam Siawi Agro-Forest Pro. (FCA 71009)    27501   10/12/2023   2311026   Regular -      Kwila              541.299        717.63         32.6
                                                                                                                                       Dispensation
Musa Century Limited        Musa Century Limited             Lower Musa Agro, (FCA 70505)             27488      1/12/2023   2310110   Saw/Veneer     Group 4            1255.39 1626.972              29.6
Rimbunan Hijau (PNG) Ltd    Niugini Lumber Merchants Ltd     Asengseng Consolidated FMA (61401)       27553     11/12/2023   2312001   Saw/Veneer     Terminalia             550 707.325               28.6
Aset Meriah (PNG) Ltd       Kulawood Limited                 Woodlark Intergrated Project (FCA 70401) 27525     14/12/2023   2311093   Saw/Veneer     Burckella              300 383.821               27.9
Oro Wood Industry Ltd       Oro Wood Industry Ltd            Ifane Agro-Forest Project - (FCA 70503) 27563      16/12/2023   2312010   Saw/Veneer     Dillenia           154.299 196.898               27.6
Musa Century Limited        Musa Century Limited             Lower Musa Agro, (FCA 70505)             27488      1/12/2023   2310110   Saw/Veneer     Terminalia         405.558 513.713               26.7
Pacific Region              Pacific Region Development Ltd   Waterfall bay Extn CONS.TRP(TP 11555) 27521        19/12/2023   2311059   Saw/Veneer     Group 3                350 439.951               25.7
Development Ltd
Northern Forest Products    Northern Forest Products Ltd     Wanigela Tree Plantation (FCA 70506)       27527   14/12/2023 2311090 Saw/Veneer         PNG Mersawa             235       295.38         25.7
Ltd
Musa Century Limited        Musa Century Limited             Lower Musa Agro, (FCA 70505)             27466      1/12/2023 2310046 Saw/Veneer         Canarium           166.717       208.806         25.2
Musa Century Limited        Musa Century Limited             Lower Musa Agro, (FCA 70505)             27466      1/12/2023 2310046 Saw/Veneer         Group 4            2243.58        2792.9         24.5
Aset Meriah (PNG) Ltd       Kulawood Limited                 Woodlark Intergrated Project (FCA 70401) 27525     14/12/2023 2311093 Saw/Veneer         Planchonella           250       310.675         24.3


 19- 4                                                                                                                                                             Report Number 19:     Page 4 of 9 pages

Page 114 screenshot
Field163:
REPORT - Substantial Log Export Permit Discrepancies in Volumes Exported for December/2023              Continued

                                                                                                    SGS Date       Permit                               Species/           Permit Shipped Discrep-
Co. Grouping                Exporter                       Site                                   Ref No. Exported Number Grade                         Group             Vol. (m3) Vol. (m3) ancy (%)

Northern Forest Products    Northern Forest Products Ltd   Wanigela Tree Plantation (FCA 70506)       27527   14/12/2023 2311090 Saw/Veneer             Group 4                  180      221.445         23.0
Ltd
Active Forest Limited       Active Forest Limited          Cloudy Bay (FMA 60301)                     27502    2/12/2023   2311027   Saw/Veneer         Taun                  1386        1696.48         22.4
Musa Century Limited        Musa Century Limited           Lower Musa Agro, (FCA 70505)               27466    1/12/2023   2310046   Saw/Veneer         Kwila               997.124       1204.09         20.8
Active Forest Limited       Active Forest Limited          Cloudy Bay (FMA 60301)                     27502    2/12/2023   2311027   Saw/Veneer         Group 4                 720       867.635         20.5
Vanimo Jaya Ltd             Vanimo Jaya Ltd                Makapa Timber Area (TP1-9)                 27541   23/12/2023   2311112   Saw/Veneer         Calophyllum             350       418.764         19.6
Musa Century Limited        Musa Century Limited           Lower Musa Agro, (FCA 70505)               27466    1/12/2023   2310046   Saw/Veneer         PNG Mersawa         571.004        682.18         19.5
Oro Wood Industry Ltd       Oro Wood Industry Ltd          Ifane Agro-Forest Project - (FCA 70503)    27563   16/12/2023   2312010   Saw/Veneer         PNG Mersawa         312.207       369.243         18.3
Open Bay Timber Ltd         Open Bay Timber Ltd            Open Bay Consolidated [Pltn] (TP 11501)    27508   31/12/2023   2311033   Plantation diam    Group 2                 500       586.555         17.3
                                                                                                                                     30 - 39 cm: baby
                                                                                                                                     small
KK Connections Ltd          KK Connections Ltd             Mengen Integrated (FCA 71522)           26956      22/12/2023 2212025     Saw/Veneer         Calophyllum              550      641.839         16.7
Open Bay Timber Ltd         Open Bay Timber Ltd            Open Bay Consolidated [Pltn] (TP 11501) 27507      19/12/2023 2311038     Plantation diam    Group 2                  350      407.978         16.6
                                                                                                                                     30 - 39 cm: baby
                                                                                                                                     small
Musa Century Limited        Musa Century Limited           Lower Musa Agro, (FCA 70505)               27466    1/12/2023   2310046   Saw/Veneer         Pencil Cedar       1041.654 1212.735              16.4
Musa Century Limited        Musa Century Limited           Lower Musa Agro, (FCA 70505)               27466    1/12/2023   2310046   Saw/Veneer         PNG Walnut           372.98 433.771               16.3
Musa Century Limited        Musa Century Limited           Lower Musa Agro, (FCA 70505)               27466    1/12/2023   2310046   Saw/Veneer         Group 2             573.453 664.661               15.9
Northern Forest Products    Northern Forest Products Ltd   Wanigela Tree Plantation (FCA 70506)       27560   19/12/2023   2312018   Low Grade          All Species             710 822.432               15.8
Ltd
Northern Forest Products    Northern Forest Products Ltd   Wanigela Tree Plantation (FCA 70506)       27560   19/12/2023 2312018 Saw/Veneer             Group 3                  500      568.997         13.8
Ltd
Musa Century Limited        Musa Century Limited           Lower Musa Agro, (FCA 70505)               27466    1/12/2023   2310046   Saw/Veneer         Terminalia         1122.348    1265.295           12.7
Emo Holdings Limited        Emo Holdings Limited           Moile Integrated Agri. (FCA 10 -14)        27517    8/12/2023   2311050   Saw/Veneer         Taun                    916    1027.503           12.2
Aset Meriah (PNG) Ltd       Kulawood Limited               Woodlark Intergrated Project (FCA 70401)   27525   14/12/2023   2311093   Saw/Veneer         Group 3               4150     4650.127           12.1
Vanimo Jaya Ltd             Vanimo Jaya Ltd                Makapa Timber Area (TP1-9)                 27519   23/12/2023   2311063   Saw/Veneer         Group 2                 600     664.965           10.8
Emo Holdings Limited        Emo Holdings Limited           Moile Integrated Agri. (FCA 10 -14)        27517    8/12/2023   2311050   Saw/Veneer         Malas                   474     524.873           10.7
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402)       27546   12/12/2023   2311114   Saw/Veneer         Group 3                 500     448.986          -10.2
CS Boss International Ltd   Stettin Bay Lumber Co. Ltd     Ania Kapiura Consolidated (11452)          27524    2/12/2023   2311058   Saw/Veneer         Taun                    800     714.838          -10.6
Vanimo Jaya Ltd             Vanimo Jaya Ltd                Makapa Timber Area (TP1-9)                 27519   23/12/2023   2311063   Saw/Veneer         Group 4               2400     2142.908          -10.7
Emo Holdings Limited        Emo Holdings Limited           Moile Integrated Agri. (FCA 10 -14)        27517    8/12/2023   2311050   Saw/Veneer         Group 2                 496     441.948          -10.9
Lucky 99 (PNG) Ltd          Lucky 99 (PNG) Ltd             Rakona/Aimorao Road No.1 (TA 13-279)       27543   15/12/2023   2311124   Low Grade          All Species             350     309.632          -11.5
Open Bay Timber Ltd         Open Bay Timber Ltd            Open Bay Consolidated [Pltn] (TP 11501)    27510   31/12/2023   2311031   Plantation diam    Group 2               1000      884.107          -11.6
                                                                                                                                     30 - 39 cm: baby
                                                                                                                                     small


 19- 5                                                                                                                                                                Report Number 19:     Page 5 of 9 pages

Page 115 screenshot
Field163:
REPORT - Substantial Log Export Permit Discrepancies in Volumes Exported for December/2023                Continued

                                                                                                        SGS Date       Permit                             Species/        Permit Shipped Discrep-
Co. Grouping                 Exporter                       Site                                      Ref No. Exported Number Grade                       Group          Vol. (m3) Vol. (m3) ancy (%)

Open Bay Timber Ltd          Open Bay Timber Ltd            Open Bay Consolidated [Pltn] (TP 11501) 27506      31/12/2023 2311032 Plantation diam         Group 2             1000       865.563        -13.4
                                                                                                                                  30 - 39 cm: baby
                                                                                                                                  small
Vanimo Jaya Ltd              Vanimo Jaya Ltd                Makapa Timber Area (TP1-9)                 27519   23/12/2023 2311063 Saw/Veneer              Pencil Cedar         550 475.133              -13.6
CS Boss International Ltd    Stettin Bay Lumber Co. Ltd     Ania Kapiura Consolidated (11452)          27524    2/12/2023 2311058 Saw/Veneer              Calophyllum          900 773.261              -14.1
Pacific Region               Pacific Region Development Ltd Senbam Cons. (TP 11552)                    27477   11/12/2023 2310014 Saw/Veneer              Group 2             3000 2568.191             -14.4
Development Ltd
Lucky Logging Limited        Wasu Resource Ltd              Wasu Cattle farm (FCA 13-03)               27545   15/12/2023   2311127   Low Grade           All Species        1650 1409.526              -14.6
Musa Century Limited         Musa Century Limited           Lower Musa Agro, (FCA 70505)               27488    1/12/2023   2310110   Saw/Veneer          PNG Mersawa      361.876 305.772              -15.5
KK Connections Ltd           KK Connections Ltd             Mengen Integrated (FCA 71522)              26956   22/12/2023   2212025   Saw/Veneer          Group 2              550 464.486              -15.5
Active Forest Limited        Active Forest Limited          Cloudy Bay (FMA 60301)                     27502    2/12/2023   2311027   Saw/Veneer          Group 2              354 291.759              -17.6
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402)       27546   12/12/2023   2311114   Saw/Veneer          Dillenia             550 449.565              -18.3
Open Bay Timber Ltd          Open Bay Timber Ltd            Open Bay Consolidated [Pltn] (TP 11501)    27507   19/12/2023   2311038   Plantation diam     Group 2              400 326.358              -18.4
                                                                                                                                      40 - 49 cm: super
                                                                                                                                      small
Open Bay Timber Ltd          Open Bay Timber Ltd            Open Bay Consolidated [Pltn] (TP 11501) 27511      19/12/2023 2311036     Plantation diam     Group 2               850      691.279        -18.7
                                                                                                                                      50 - 59 cm: small
Oro Wood Industry Ltd        Oro Wood Industry Ltd          Ifane Agro-Forest Project - (FCA 70503)    27515    6/12/2023   2311056   Saw/Veneer          Group 3          298.994 240.802              -19.5
Millennium Corporation Ltd   Millennium Corporation Ltd     East Ferguson TRP (10404)                  27505    4/12/2023   2311021   Saw/Veneer          Group 2              903 721.174              -20.1
Lucky 99 (PNG) Ltd           Lucky 99 (PNG) Ltd             Wasu Export point (TA 13-280)              27542   15/12/2023   2311125   Saw/Veneer          Taun                 636  499.32              -21.5
Open Bay Timber Ltd          Open Bay Timber Ltd            Open Bay Consolidated [Pltn] (TP 11501)    27512   31/12/2023   2311030   Plantation diam     Group 2            1900 1488.559              -21.7
                                                                                                                                      30 - 39 cm: baby
                                                                                                                                      small
Millennium Corporation Ltd   Millennium Corporation Ltd     East Ferguson TRP (10404)                  27505    4/12/2023   2311021   Saw/Veneer          Group 3              416       315.643        -24.1
Millennium Corporation Ltd   Millennium Corporation Ltd     East Ferguson TRP (10404)                  27505    4/12/2023   2311021   Saw/Veneer          Dillenia             778       589.524        -24.2
Musa Century Limited         Musa Century Limited           Lower Musa Agro, (FCA 70505)               27466    1/12/2023   2310046   Saw/Veneer          Taun             420.404       316.315        -24.8
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402)       27546   12/12/2023   2311114   Saw/Veneer          Group 4              500       360.102        -28.0
Oro Wood Industry Ltd        Oro Wood Industry Ltd          Ifane Agro-Forest Project - (FCA 70503)    27515    6/12/2023   2311056   Saw/Veneer          Taun             234.572       167.121        -28.8
Lucky Logging Limited        Wasu Resource Ltd              Wasu Cattle farm (FCA 13-03)               27545   15/12/2023   2311127   Saw/Veneer          Group 3              450       315.651        -29.9
Northern Forest Products     Northern Forest Products Ltd   Wanigela Tree Plantation (FCA 70506)       27561   21/12/2023   2312012   Saw/Veneer          Pencil Cedar         290       202.784        -30.1
Ltd
Oro Wood Industry Ltd        Oro Wood Industry Ltd          Ifane Agro-Forest Project - (FCA 70503)    27515    6/12/2023   2311056   Saw/Veneer          Dillenia         268.512       184.109        -31.4
Emo Holdings Limited         Emo Holdings Limited           Moile Integrated Agri. (FCA 10 -14)        27517    8/12/2023   2311050   Saw/Veneer          Kwila                658       434.818        -33.9
Rimbunan Hijau (PNG) Ltd     Niugini Lumber Merchants Ltd   Asengseng Consolidated FMA (61401)         27553   11/12/2023   2312001   Saw/Veneer          Dillenia             500       319.316        -36.1
CS Boss International Ltd    Stettin Bay Lumber Co. Ltd     Ania Kapiura Consolidated (11452)          27518    5/12/2023   2311049   Saw/Veneer          Malas              1350        861.969        -36.2



 19- 6                                                                                                                                                               Report Number 19:     Page 6 of 9 pages

Page 116 screenshot
Field163:
REPORT - Substantial Log Export Permit Discrepancies in Volumes Exported for December/2023               Continued

                                                                                                       SGS Date       Permit                          Species/           Permit Shipped Discrep-
Co. Grouping                Exporter                       Site                                      Ref No. Exported Number Grade                    Group             Vol. (m3) Vol. (m3) ancy (%)

Continental Alliance Ltd    Continental Alliance Ltd       Wagana Wagasu Agro Forestry (FCA 710       27411    8/12/2023   2308015   Saw/Veneer       Group 4                 150   94.923             -36.7
Rimbunan Hijau (PNG) Ltd    Niugini Lumber Merchants Ltd   Asengseng Consolidated FMA (61401)         27554   11/12/2023   2312002   Low Grade        All Species            3200 1950.533             -39.0
Global Elite Ltd            Global Elite Ltd               Wammy Inter. Agro Forestry (FCA71007)      27416    8/12/2023   2308031   Saw/Veneer       Group 4                  80   47.566             -40.5
Rimbunan Hijau (PNG) Ltd    Niugini Lumber Merchants Ltd   Asengseng Consolidated FMA (61401)         27553   11/12/2023   2312001   Saw/Veneer       Taun                     50   29.685             -40.6
Northern Forest Products    Northern Forest Products Ltd   Wanigela Tree Plantation (FCA 70506)       27561   21/12/2023   2312012   Saw/Veneer       Taun                   1210 717.573              -40.7
Ltd
East Papua Timber           East Papua Timber Resources    Brown River/Kuriva (10337)                 27548   12/12/2023 2311122 Plantation diam      Teak (a) little          200      118.607        -40.7
Resources Ltd               Ltd                                                                                                  00 - 19 cm: little   small (plntn)
                                                                                                                                 small
Lucky Logging Limited       Wasu Resource Ltd              Wasu Cattle farm (FCA 13-03)               27545   15/12/2023 2311127 Saw/Veneer           Group 2                   50       29.648        -40.7
Global Elite Ltd            Global Elite Ltd               Wammy Inter. Agro Forestry (FCA71007)      27414    8/12/2023 2308018 Saw/Veneer           Group 4                  100       59.281        -40.7
Lucky Logging Limited       Wasu Resource Ltd              Wasu Cattle farm (FCA 13-03)               27544   15/12/2023 2311126 Saw/Veneer           Burckella                 11        6.495        -41.0
Northern Forest Products    Northern Forest Products Ltd   Wanigela Tree Plantation (FCA 70506)       27560   19/12/2023 2312018 Saw/Veneer           Lophopetallum              8        4.703        -41.2
Ltd                                                                                                                                                   /Perupok
Open Bay Timber Ltd         Open Bay Timber Ltd            Open Bay Consolidated [Pltn] (TP 11501) 27508      31/12/2023 2311033 Plantation diam      Group 2                   50       29.385        -41.2
                                                                                                                                 00 - 19 cm: little
                                                                                                                                 small
Oro Wood Industry Ltd       Oro Wood Industry Ltd          Ifane Agro-Forest Project - (FCA 70503)    27563   16/12/2023 2312010 Saw/Veneer           Taun                391.747        225.87        -42.3
Summit Agriculture Ltd      Summit Agriculture Ltd         Angoram Intergrated (FCA 71104)            27497    8/12/2023 2311003 Saw/Veneer           Group 2                  80        46.097        -42.4
Northern Forest Products    Northern Forest Products Ltd   Wanigela Tree Plantation (FCA 70506)       27561   21/12/2023 2312012 Saw/Veneer           Planchonella             22        12.636        -42.6
Ltd
Pacific Region              Pacific Region Development Ltd Waterfall bay Extn CONS.TRP(TP 11555) 27521        19/12/2023 2311059 Saw/Veneer           Taun               1846.591 1039.043             -43.7
Development Ltd
Open Bay Timber Ltd         Open Bay Timber Ltd            Open Bay Consolidated [Pltn] (TP 11501) 27510      31/12/2023 2311031 Plantation diam      Group 2                   50        27.62        -44.8
                                                                                                                                 00 - 19 cm: little
                                                                                                                                 small
Aset Meriah (PNG) Ltd       Kulawood Limited               Woodlark Intergrated Project (FCA 70401)   27525   14/12/2023 2311093 Saw/Veneer           Taun                     250      137.687        -44.9
Rimbunan Hijau (PNG) Ltd    Niugini Lumber Merchants Ltd   Asengseng Consolidated FMA (61401)         27553   11/12/2023 2312001 Saw/Veneer           Group 2                  100       54.278        -45.7
Summit Agriculture Ltd      Summit Agriculture Ltd         Wewak/Turubu (FCA 71103)                   27419    8/12/2023 2308039 Saw/Veneer           Group 2                   50       27.072        -45.9
Open Bay Timber Ltd         Open Bay Timber Ltd            Open Bay Consolidated [Pltn] (TP 11501)    27506   31/12/2023 2311032 Plantation diam      Group 2                   50       26.797        -46.4
                                                                                                                                 00 - 19 cm: little
                                                                                                                                 small
Continental Alliance Ltd    Continental Alliance Ltd       Wagana Wagasu Agro Forestry (FCA 710 27412          8/12/2023 2308016 Saw/Veneer           Group 4                  250      133.853        -46.5
CS Boss International Ltd   Stettin Bay Lumber Co. Ltd     Ania Kapiura Consolidated (11452)    27524          2/12/2023 2311058 Saw/Veneer           PNG Walnut                10        5.248        -47.5
CS Boss International Ltd   Stettin Bay Lumber Co. Ltd     Ania Kapiura Consolidated (11452)    27524          2/12/2023 2311058 Saw/Veneer           Planchonella              40       20.975        -47.6



 19- 7                                                                                                                                                              Report Number 19:     Page 7 of 9 pages

Page 117 screenshot
Field163:
REPORT - Substantial Log Export Permit Discrepancies in Volumes Exported for December/2023                 Continued

                                                                                                         SGS Date       Permit                          Species/           Permit Shipped Discrep-
Co. Grouping                Exporter                         Site                                      Ref No. Exported Number Grade                    Group             Vol. (m3) Vol. (m3) ancy (%)

Musa Century Limited        Musa Century Limited             Lower Musa Agro, (FCA 70505)               27488    1/12/2023 2310110 Saw/Veneer           Lophopetallum        62.863         31.84        -49.4
                                                                                                                                                        /Perupok
Global Elite Ltd            Global Elite Ltd                 Wammy Inter. Agro Forestry (FCA71007) 27415         8/12/2023   2308017   Saw/Veneer       Group 4                 100        50.643        -49.4
CS Boss International Ltd   Stettin Bay Lumber Co. Ltd       Ania Kapiura Consolidated (11452)     27518         5/12/2023   2311049   Saw/Veneer       Pencil Cedar            300        144.58        -51.8
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd            Rottock Bay Consolidated (FMA 61402) 27546         12/12/2023   2311114   Saw/Veneer       Group 2                  50        24.075        -51.9
Musa Century Limited        Musa Century Limited             Lower Musa Agro, (FCA 70505)          27466         1/12/2023   2310046   Saw/Veneer       Erima               834.969       393.792        -52.8
Pacific Region              Pacific Region Development Ltd   Waterfall bay Extn CONS.TRP(TP 11555) 27521        19/12/2023   2311059   Saw/Veneer       Terminalia              400       182.159        -54.5
Development Ltd
Lucky Logging Limited       Wasu Resource Ltd              Wasu Cattle farm (FCA 13-03)          27545          15/12/2023 2311127 Saw/Veneer           Kwila                     10        4.545        -54.6
Pacific Region              Pacific Region Development Ltd Waterfall bay Extn CONS.TRP(TP 11555) 27521          19/12/2023 2311059 Saw/Veneer           Calophyllum              426      190.371        -55.3
Development Ltd
Musa Century Limited        Musa Century Limited             Lower Musa Agro, (FCA 70505)               27488    1/12/2023 2310110 Saw/Veneer           Group 2             898.022       343.649        -61.7
Northern Forest Products    Northern Forest Products Ltd     Wanigela Tree Plantation (FCA 70506)       27560   19/12/2023 2312018 Saw/Veneer           Group 4                 885       320.216        -63.8
Ltd
Open Bay Timber Ltd         Open Bay Timber Ltd              Open Bay Consolidated [Pltn] (TP 11501) 27512      31/12/2023 2311030 Plantation diam      Group 2                  150       54.014        -64.0
                                                                                                                                   50 - 59 cm: small
Oro Wood Industry Ltd       Oro Wood Industry Ltd            Ifane Agro-Forest Project - (FCA 70503)    27515    6/12/2023 2311056 Saw/Veneer           Planchonella          7.872          2.73        -65.3
Musa Century Limited        Musa Century Limited             Lower Musa Agro, (FCA 70505)               27488    1/12/2023 2310110 Saw/Veneer           Calophyllum          18.172         6.284        -65.4
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd            Rottock Bay Consolidated (FMA 61402)       27547   12/12/2023 2311115 Saw/Veneer           Dillenia                250        84.701        -66.1
Open Bay Timber Ltd         Open Bay Timber Ltd              Open Bay Consolidated [Pltn] (TP 11501)    27512   31/12/2023 2311030 Plantation diam      Group 2                  50        16.843        -66.3
                                                                                                                                   00 - 19 cm: little
                                                                                                                                   small
Pacific Region              Pacific Region Development Ltd Waterfall bay Extn CONS.TRP(TP 11555) 27521          19/12/2023 2311059 Saw/Veneer           Group 2                   50       16.314        -67.4
Development Ltd
Musa Century Limited        Musa Century Limited           Lower Musa Agro, (FCA 70505)          27488           1/12/2023 2310110 Saw/Veneer           Taun                129.168        38.527        -70.2
Pacific Region              Pacific Region Development Ltd Waterfall bay Extn CONS.TRP(TP 11555) 27521          19/12/2023 2311059 Saw/Veneer           Kwila                    20         5.806        -71.0
Development Ltd
Pacific Region              Pacific Region Development Ltd Senbam Cons. (TP 11552)                      27477   11/12/2023 2310014 Saw/Veneer           Hekakoro                  10        2.701        -73.0
Development Ltd
Rimbunan Hijau (PNG) Ltd    Niugini Lumber Merchants Ltd     Asengseng Consolidated FMA (61401)         27553   11/12/2023 2312001 Saw/Veneer           Group 3                 200        51.224        -74.4
Oro Wood Industry Ltd       Oro Wood Industry Ltd            Ifane Agro-Forest Project - (FCA 70503)    27563   16/12/2023 2312010 Saw/Veneer           Burckella            75.157        19.041        -74.7
Northern Forest Products    Northern Forest Products Ltd     Wanigela Tree Plantation (FCA 70506)       27527   14/12/2023 2311090 Saw/Veneer           Canarium                 40         9.663        -75.8
Ltd
Northern Forest Products    Northern Forest Products Ltd     Wanigela Tree Plantation (FCA 70506)       27560   19/12/2023 2312018 Saw/Veneer           Planchonella              43       10.121        -76.5
Ltd
Oro Wood Industry Ltd       Oro Wood Industry Ltd            Ifane Agro-Forest Project - (FCA 70503)    27563   16/12/2023 2312010 Saw/Veneer           PNG Walnut             47.28       10.843        -77.1


 19- 8                                                                                                                                                                Report Number 19:     Page 8 of 9 pages

Page 118 screenshot
Field163:
REPORT - Substantial Log Export Permit Discrepancies in Volumes Exported for December/2023             Continued

                                                                                                     SGS Date       Permit                       Species/           Permit Shipped Discrep-
Co. Grouping               Exporter                         Site                                   Ref No. Exported Number Grade                 Group             Vol. (m3) Vol. (m3) ancy (%)

Lucky Logging Limited      Wasu Resource Ltd                Wasu Cattle farm (FCA 13-03)            27544    15/12/2023   2311126   Saw/Veneer   Group 4                  200      40.778        -79.6
Rimbunan Hijau (PNG) Ltd   Niugini Lumber Merchants Ltd     Asengseng Consolidated FMA (61401)      27553    11/12/2023   2312001   Saw/Veneer   Canarium                 200      40.221        -79.9
Lucky Logging Limited      Wasu Resource Ltd                Wasu Cattle farm (FCA 13-03)            27545    15/12/2023   2311127   Saw/Veneer   Planchonella              15           3        -80.0
Summit Agriculture Ltd     Summit Agriculture Ltd           Angoram Intergrated (FCA 71104)         27418     8/12/2023   2308038   Saw/Veneer   Group 2                   40       5.869        -85.3
Rimbunan Hijau (PNG) Ltd   Niugini Lumber Merchants Ltd     Asengseng Consolidated FMA (61401)      27537     8/12/2023   2311108   Saw/Veneer   Erima                    200      26.754        -86.6
Pacific Region             Pacific Region Development Ltd   Tokai Matong (TP 11545)                 27522    19/12/2023   2311060   Saw/Veneer   Erima                     50       5.314        -89.4
Development Ltd
Lucky Logging Limited      Wasu Resource Ltd                Wasu Cattle farm (FCA 13-03)            27544    15/12/2023 2311126 Saw/Veneer       Pencil Cedar             100        8.24        -91.8
Lucky Logging Limited      Wasu Resource Ltd                Wasu Cattle farm (FCA 13-03)            27545    15/12/2023 2311127 Saw/Veneer       Canarium                  55       4.489        -91.8
Northern Forest Products   Northern Forest Products Ltd     Wanigela Tree Plantation (FCA 70506)    27561    21/12/2023 2312012 Saw/Veneer       PNG Mersawa              210      15.187        -92.8
Ltd
Musa Century Limited       Musa Century Limited           Lower Musa Agro, (FCA 70505)              27488     1/12/2023 2310110 Saw/Veneer       Erima               385.936       18.252        -95.3
Summit Agriculture Ltd     Summit Agriculture Ltd         Angoram Intergrated (FCA 71104)           27417     8/12/2023 2308037 Saw/Veneer       Group 2                  60        1.787        -97.0
Pacific Region             Pacific Region Development Ltd Tokai Matong (TP 11545)                   27522    19/12/2023 2311060 Saw/Veneer       Group 2                 200        5.539        -97.2
Development Ltd
Lucky Logging Limited      Wasu Resource Ltd                Wasu Cattle farm (FCA 13-03)             27544   15/12/2023   2311126   Saw/Veneer   Kwila                   560       10.532        -98.1
Summit Agriculture Ltd     Summit Agriculture Ltd           Gweing Wagasu Agro-Forestry (FCA 7101 27423       8/12/2023   2308032   Low Grade    Group 4                  90         1.23        -98.6
Emo Holdings Limited       Emo Holdings Limited             Moile Integrated Agri. (FCA 10 -14)      27517    8/12/2023   2311050   Saw/Veneer   All Species         448.137        4.347        -99.0
Aset Meriah (PNG) Ltd      Kulawood Limited                 Woodlark Intergrated Project (FCA 70401) 27525   14/12/2023   2311093   Saw/Veneer   Calophyllum             200        1.455        -99.3
Lucky Logging Limited      Wasu Resource Ltd                Wasu Cattle farm (FCA 13-03)             27544   15/12/2023   2311126   Saw/Veneer   All Species           1250         4.863        -99.6


Total Volume Exported Where Shipped Volumes have Major Discrepancies From Endorsed Volumes:                                                                                 73,752.072




 19- 9                                                                                                                                                         Report Number 19:    Page 9 of 9 pages

Page 119 screenshot
Field70:
Report - Monthly Document Delays for December / 2023
Date printed: 29/01/2024 10:33:43 AM

Co. Grouping                 Exporting Company               SGS Ref    Date LIR    Date Documents   Document Delay
                                                             Number     Recieved        Recieved      (No of days)

Active Forest Limited
                             Active Forest Limited
                                                              27502    12/12/2023   03 / 01 / 24           22

                            Number of Shipments / Av Delay      1                                         22.0

Number of Shipments / Av Delay                                  1                                         22.0

Amanab 56 Timber Investments Ltd
                        Amanab 56 Timber Investments Ltd
                                                              27363    18/12/2023   23 / 11 / 23          -25

                            Number of Shipments / Av Delay      1                                        -25.0

Number of Shipments / Av Delay                                  1                                        -25.0

Aset Meriah (PNG) Ltd
                             Milton Ltd
                                                              27441    13/12/2023   19 / 01 / 24           37
                                                              27487    13/12/2023   22 / 01 / 24           40
                                                              27451     4/12/2023   12 / 12 / 23            8

                            Number of Shipments / Av Delay      3                                         28.3

Number of Shipments / Av Delay                                  3                                         28.3

Cakara Alam (PNG) Ltd
                             Cakara Alam (PNG) Ltd
                                                              27427     1/12/2023   23 / 11 / 23           -8
                                                              27395     1/12/2023   23 / 11 / 23           -8
                                                              27298     4/12/2023   23 / 11 / 23          -11
                                                              27461     1/12/2023   23 / 11 / 23           -8

                            Number of Shipments / Av Delay      4                                         -8.8

                             Tzen Niugini Ltd
                                                              27476     7/12/2023   13 / 12 / 23            6
                                                              27450     8/12/2023   13 / 12 / 23            5
                                                              27448     7/12/2023   12 / 12 / 23            5

                            Number of Shipments / Av Delay      3                                          5.3

Number of Shipments / Av Delay                                  7                                         -2.7

Continental Alliance Ltd
                             Continental Alliance Ltd
                                                              27412    18/12/2023   29 / 12 / 23           11
                                                              27411    18/12/2023   29 / 12 / 23           11

                            Number of Shipments / Av Delay      2                                         11.0

Number of Shipments / Av Delay                                  2                                         11.0



Report Number 20:       Page 1 of 5 pages                                                               20- 1

Page 120 screenshot
Field70:
Report - Monthly Document Delays for December / 2023
Date printed: 29/01/2024 10:33:43 AM

Co. Grouping                 Exporting Company               SGS Ref    Date LIR    Date Documents   Document Delay
                                                             Number     Recieved        Recieved      (No of days)

CS Boss International Ltd
                             Stettin Bay Lumber Co. Ltd
                                                              27454    12/12/2023   28 / 12 / 23           16
                                                              27524    12/12/2023   17 / 01 / 24           36
                                                              27408    15/12/2023   16 / 10 / 23          -60
                                                              27518    12/12/2023   17 / 01 / 24           36
                                                              27453    12/12/2023   27 / 12 / 23           15
                                                              27530    12/12/2023   18 / 01 / 24           37
                                                              27452    12/12/2023   27 / 12 / 23           15

                            Number of Shipments / Av Delay      7                                         13.6

Number of Shipments / Av Delay                                  7                                         13.6

East Papua Timber Resources Ltd
                        East Papua Timber Resources Ltd
                                                              27548    15/12/2023   07 / 02 / 24           54

                            Number of Shipments / Av Delay      1                                         54.0

Number of Shipments / Av Delay                                  1                                         54.0

Global Elite Ltd
                             Global Elite Ltd
                                                              27414    18/12/2023   29 / 12 / 23           11
                                                              27415    18/12/2023   28 / 12 / 23           10
                                                              27416    18/12/2023   29 / 12 / 23           11

                            Number of Shipments / Av Delay      3                                         10.7

Number of Shipments / Av Delay                                  3                                         10.7

Green Point Limited
                             Green Point Limited
                                                              27486     4/12/2023   03 / 01 / 24           30
                                                              27526     4/12/2023   15 / 12 / 23           11
                                                              27485     4/12/2023   02 / 01 / 24           29

                            Number of Shipments / Av Delay      3                                         23.3

Number of Shipments / Av Delay                                  3                                         23.3

Lucky 99 (PNG) Ltd
                             Lucky 99 (PNG) Ltd
                                                              27381     5/12/2023   05 / 12 / 23            0

                            Number of Shipments / Av Delay      1                                          0.0

Number of Shipments / Av Delay                                  1                                          0.0

Lucky Logging Limited
                             Wasu Resource Ltd

Report Number 20:       Page 2 of 5 pages                                                               20- 2

Page 121 screenshot
Field70:
Report - Monthly Document Delays for December / 2023
Date printed: 29/01/2024 10:33:43 AM

Co. Grouping                 Exporting Company               SGS Ref    Date LIR    Date Documents   Document Delay
                                                             Number     Recieved        Recieved      (No of days)

                                                              27383     5/12/2023   05 / 12 / 23            0
                                                              27382     5/12/2023   05 / 12 / 23            0

                            Number of Shipments / Av Delay      2                                          0.0

Number of Shipments / Av Delay                                  2                                          0.0

Millennium Corporation Ltd
                             Millennium Corporation Ltd
                                                              27505    15/12/2023   09 / 01 / 24           25
                                                              27473    13/12/2023   13 / 12 / 23            0

                            Number of Shipments / Av Delay      2                                         12.5

Number of Shipments / Av Delay                                  2                                         12.5

Milton Limited
                             Milton Ltd
                                                              27440     4/12/2023   12 / 12 / 23            8
                                                              27465     4/12/2023   12 / 12 / 23            8

                            Number of Shipments / Av Delay      2                                          8.0

Number of Shipments / Av Delay                                  2                                          8.0

Musa Century Limited
                             Musa Century Limited
                                                              27466    18/12/2023   26 / 01 / 24           39
                                                              27446    18/12/2023   25 / 01 / 24           38
                                                              27488    18/12/2023   25 / 01 / 24           38
                                                              27445    18/12/2023   25 / 01 / 24           38

                            Number of Shipments / Av Delay      4                                         38.3

Number of Shipments / Av Delay                                  4                                         38.3

Open Bay Timber Ltd
                             Open Bay Timber Ltd
                                                              27511    15/12/2023   06 / 02 / 24           53

                            Number of Shipments / Av Delay      1                                         53.0

Number of Shipments / Av Delay                                  1                                         53.0

Oro Wood Industry Ltd
                             Oro Wood Industry Ltd
                                                              27515    18/12/2023   13 / 02 / 24           57

                            Number of Shipments / Av Delay      1                                         57.0

Number of Shipments / Av Delay                                  1                                         57.0

Pacific Region Development Ltd

Report Number 20:       Page 3 of 5 pages                                                               20- 3

Page 122 screenshot
Field70:
Report - Monthly Document Delays for December / 2023
Date printed: 29/01/2024 10:33:43 AM

Co. Grouping                 Exporting Company                SGS Ref    Date LIR    Date Documents   Document Delay
                                                              Number     Recieved        Recieved      (No of days)

                             Pacific Region Development Ltd
                                                               27477    13/12/2023   22 / 01 / 24           40

                            Number of Shipments / Av Delay       1                                         40.0

Number of Shipments / Av Delay                                   1                                         40.0

PJ Plantation Limited
                             PH Plantation Limited
                                                               27501    13/12/2023   04 / 01 / 24           22
                                                               27443    13/12/2023   04 / 01 / 24           22

                            Number of Shipments / Av Delay       2                                         22.0

                             PJ Plantation Limited
                                                               27428    18/12/2023   22 / 12 / 23            4

                            Number of Shipments / Av Delay       1                                          4.0

Number of Shipments / Av Delay                                   3                                         16.0

Reach Niugini Construction
                          Reach Niugini Construction
                                                               27503     4/12/2023   08 / 12 / 23            4
                                                               27494     4/12/2023   05 / 12 / 23            1

                            Number of Shipments / Av Delay       2                                          2.5

Number of Shipments / Av Delay                                   2                                          2.5

Rimbunan Hijau (PNG) Ltd
                             Niugini Lumber Merchants Ltd
                                                               27553    15/12/2023   15 / 02 / 24           62
                                                               27554    15/12/2023   15 / 02 / 24           62

                            Number of Shipments / Av Delay       2                                         62.0

Number of Shipments / Av Delay                                   2                                         62.0

Summit Agriculture Ltd
                             Summit Agriculture Ltd
                                                               27419    18/12/2023   29 / 12 / 23           11
                                                               27423    18/12/2023   28 / 12 / 23           10
                                                               27417    18/12/2023   28 / 12 / 23           10
                                                               27418    18/12/2023   28 / 12 / 23           10
                                                               27497    18/12/2023   28 / 12 / 23           10

                            Number of Shipments / Av Delay       5                                         10.2

Number of Shipments / Av Delay                                   5                                         10.2

Vanimo Jaya Ltd
                             Vanimo Jaya Ltd

Report Number 20:       Page 4 of 5 pages                                                                20- 4

Page 123 screenshot
Field70:
Report - Monthly Document Delays for December / 2023
Date printed: 29/01/2024 10:33:43 AM

Co. Grouping                 Exporting Company               SGS Ref    Date LIR    Date Documents   Document Delay
                                                             Number     Recieved        Recieved      (No of days)

                                                              27541    19/12/2023   12 / 01 / 24           24
                                                              27519    19/12/2023   11 / 01 / 24           23

                            Number of Shipments / Av Delay      2                                         23.5

Number of Shipments / Av Delay                                  2                                         23.5



Monthly Number of Shipments / Average Delay                    56                                         17.1




Report Number 20:       Page 5 of 5 pages                                                               20- 5

Page 124 screenshot
  Log Export Average Prices by Log Grades, Groups and
   Species and by Log Exporter Parent Companies, for
                    December - 2023
Date printed: 29/01/2024 10:33:51 AM



Grade / Species Group / Species                     Company/Group             Ave FOB USD/m3 Volume, m3

 Saw/Veneer Group 1 Kwila
  Mean Company FOB Price: 213.39 USD/m3; Range: 130.00 - 250.00 USD/m3

                                                     PJ Plantation Limited             130.00   1,873.698


 Saw/Veneer Group 1 Kwila
  Mean Company FOB Price: 213.39 USD/m3; Range: 130.00 - 250.00 USD/m3

                                                     PJ Plantation Limited             170.00   2,311.020


 Saw/Veneer Group 1 Burckella
  Mean Company FOB Price:              74.89 USD/m3; Range:   73.00 - 80.00   USD/m3

                                                     Lucky Logging Limited              80.00      6.495
                                                     Rimbunan Hijau (PNG) Ltd           75.00    259.871
                                                     Active Forest Limited              75.00    275.554
                                                     Aset Meriah (PNG) Ltd              75.00    383.821
                                                     Cakara Alam (PNG) Ltd              75.00     41.844
                                                     Continental Alliance Ltd           75.00     51.495
                                                     CS Boss International Ltd          75.00    144.044
                                                     Emo Holdings Limited               75.00    101.448
                                                     Millennium Corporation Ltd         75.00     20.155
                                                     Oro Wood Industry Ltd              75.00     59.082
                                                     Pacific Region Development Ltd     75.00    285.732
                                                     Vanimo Jaya Ltd                    73.00    115.214




Report Number 21:      Page 1 of 10 pages                                                          21- 1

Page 125 screenshot
Grade / Species Group / Species                  Company/Group             Ave FOB USD/m3 Volume, m3

Saw/Veneer Group 1 Calophyllum
 Mean Company FOB Price:            92.96 USD/m3; Range:   88.00 - 100.00 USD/m3
                                                  Rimbunan Hijau (PNG) Ltd          100.00     403.786
                                                  CS Boss International Ltd         100.00     773.261
                                                  KK Connections Ltd                 95.00     641.839
                                                  Aset Meriah (PNG) Ltd              90.00       1.455
                                                  Lucky Logging Limited              90.00      12.010
                                                  Active Forest Limited              90.00      12.130
                                                  Lucky 99 (PNG) Ltd                 90.00       2.209
                                                  Millennium Corporation Ltd         90.00     126.194
                                                  Musa Century Limited               90.00      27.899
                                                  Oro Wood Industry Ltd              90.00      27.875
                                                  Summit Agriculture Ltd             90.00      10.569
                                                  Pacific Region Development Ltd     90.00   1,750.982
                                                  Vanimo Jaya Ltd                    88.00     755.243


Saw/Veneer Group 1 Dillenia
 Mean Company FOB Price:            74.64 USD/m3; Range:   73.00 - 75.00   USD/m3

                                                  Cakara Alam (PNG) Ltd              75.00    534.266
                                                  CS Boss International Ltd          75.00    891.839
                                                  Emo Holdings Limited               75.00    100.012
                                                  Global Elite Ltd                   75.00     28.243
                                                  KK Connections Ltd                 75.00    606.477
                                                  Millennium Corporation Ltd         75.00    589.524
                                                  Oro Wood Industry Ltd              75.00    381.007
                                                  Pacific Region Development Ltd     75.00    179.792
                                                  Rimbunan Hijau (PNG) Ltd           75.00    319.316
                                                  Vanimo Jaya Ltd                    73.00    802.272


Saw/Veneer Group 1 Erima
 Mean Company FOB Price:            76.34 USD/m3; Range:   73.00 - 80.00   USD/m3

                                                  Lucky 99 (PNG) Ltd                 80.00     90.782
                                                  Lucky Logging Limited              80.00    455.045
                                                  Pacific Region Development Ltd     75.00    736.162
                                                  Emo Holdings Limited               75.00     37.422
                                                  Millennium Corporation Ltd         75.00     17.639
                                                  Musa Century Limited               75.00    412.044
                                                  Northern Forest Products Ltd       75.00    132.031
                                                  Rimbunan Hijau (PNG) Ltd           75.00     26.754
                                                  Summit Agriculture Ltd             75.00     53.018
                                                  Vanimo Jaya Ltd                    73.00     30.795




Report Number 21:   Page 2 of 10 pages                                                          21- 2

Page 126 screenshot
Grade / Species Group / Species                  Company/Group             Ave FOB USD/m3 Volume, m3

Saw/Veneer Group 1 Grey Canarium
 Mean Company FOB Price:            74.77 USD/m3; Range:   73.00 - 80.00   USD/m3

                                                  Lucky Logging Limited              80.00      19.429
                                                  Lucky 99 (PNG) Ltd                 80.00       1.754
                                                  Active Forest Limited              75.00       8.486
                                                  Emo Holdings Limited               75.00       6.465
                                                  Millennium Corporation Ltd         75.00     163.499
                                                  Musa Century Limited               75.00     334.802
                                                  Northern Forest Products Ltd       75.00      25.269
                                                  Oro Wood Industry Ltd              75.00      29.700
                                                  Pacific Region Development Ltd     75.00     320.364
                                                  Vanimo Jaya Ltd                    73.00     180.350


Saw/Veneer Group 1 Hekakoro
 Mean Company FOB Price:            75.00 USD/m3; Range:   75.00 - 75.00   USD/m3

                                                  Pacific Region Development Ltd     75.00        2.701


Saw/Veneer Group 1 Kwila
 Mean Company FOB Price: 213.39 USD/m3; Range: 130.00 - 250.00 USD/m3

                                                  Aset Meriah (PNG) Ltd             250.00       78.853
                                                  Continental Alliance Ltd          250.00      179.969
                                                  Global Elite Ltd                  250.00       82.351
                                                  Summit Agriculture Ltd            250.00      108.678
                                                  Cakara Alam (PNG) Ltd             240.00       26.036
                                                  Emo Holdings Limited              240.00      434.818
                                                  Northern Forest Products Ltd      240.00       77.603
                                                  Oro Wood Industry Ltd             240.00      136.902
                                                  Active Forest Limited             240.00      291.672
                                                  Pacific Region Development Ltd    240.00       31.837
                                                  Amanab 56 Timber Investments      230.00   13,911.856
                                                  Ltd
                                                  Musa Century Limited              230.00    1,709.046
                                                  Lucky Logging Limited             220.00       15.077
                                                  Lucky 99 (PNG) Ltd                220.00      525.908


Saw/Veneer Group 1 Lophopetallum/Perupok
 Mean Company FOB Price:            74.89 USD/m3; Range:   73.00 - 75.00   USD/m3

                                                  Active Forest Limited              75.00       2.306
                                                  Emo Holdings Limited               75.00       7.610
                                                  Millennium Corporation Ltd         75.00      15.690
                                                  Musa Century Limited               75.00      97.975
                                                  Northern Forest Products Ltd       75.00       4.703
                                                  Pacific Region Development Ltd     75.00     980.325
                                                  Vanimo Jaya Ltd                    73.00      61.536




Report Number 21:   Page 3 of 10 pages                                                           21- 3

Page 127 screenshot
Grade / Species Group / Species                  Company/Group             Ave FOB USD/m3 Volume, m3

Saw/Veneer Group 1 Malas
 Mean Company FOB Price:            74.89 USD/m3; Range:   73.00 - 75.00   USD/m3

                                                  Global Elite Ltd                   75.00      31.578
                                                  Musa Century Limited               75.00      58.186
                                                  Active Forest Limited              75.00      41.761
                                                  Cakara Alam (PNG) Ltd              75.00     543.888
                                                  Continental Alliance Ltd           75.00      59.188
                                                  Emo Holdings Limited               75.00     524.873
                                                  KK Connections Ltd                 75.00     239.268
                                                  Northern Forest Products Ltd       75.00       7.408
                                                  Oro Wood Industry Ltd              75.00      47.908
                                                  Pacific Region Development Ltd     75.00     387.398
                                                  Rimbunan Hijau (PNG) Ltd           75.00   1,142.584
                                                  CS Boss International Ltd          75.00   1,308.175
                                                  Summit Agriculture Ltd             75.00      79.199
                                                  Vanimo Jaya Ltd                    73.00     267.345


Saw/Veneer Group 1 Pencil Cedar
 Mean Company FOB Price:            90.44 USD/m3; Range:   80.00 - 100.00 USD/m3
                                                  CS Boss International Ltd         100.00     242.683
                                                  Rimbunan Hijau (PNG) Ltd          100.00     261.248
                                                  Lucky Logging Limited              90.00      14.299
                                                  Pacific Region Development Ltd     90.00     691.405
                                                  Summit Agriculture Ltd             90.00      71.820
                                                  Active Forest Limited              90.00      35.655
                                                  Aset Meriah (PNG) Ltd              90.00     498.180
                                                  Emo Holdings Limited               90.00      86.425
                                                  Global Elite Ltd                   90.00      33.021
                                                  Millennium Corporation Ltd         90.00     476.376
                                                  Musa Century Limited               90.00   1,732.735
                                                  Northern Forest Products Ltd       90.00     326.496
                                                  Continental Alliance Ltd           90.00      40.724
                                                  Lucky 99 (PNG) Ltd                 90.00     217.434
                                                  Vanimo Jaya Ltd                    88.00     839.145
                                                  Oro Wood Industry Ltd              80.00      88.035


Saw/Veneer Group 1 PNG Mersawa
 Mean Company FOB Price:            80.99 USD/m3; Range:   75.00 - 90.00   USD/m3

                                                  Emo Holdings Limited               90.00      70.569
                                                  Vanimo Jaya Ltd                    88.00   1,480.915
                                                  Amanab 56 Timber Investments       85.00   1,591.663
                                                  Ltd
                                                  Oro Wood Industry Ltd              78.27     564.275
                                                  Active Forest Limited              75.00     191.022
                                                  Millennium Corporation Ltd         75.00     310.660
                                                  Musa Century Limited               75.00     987.952
                                                  Northern Forest Products Ltd       75.00   1,162.990


Report Number 21:   Page 4 of 10 pages                                                          21- 4

Page 128 screenshot
Grade / Species Group / Species                  Company/Group             Ave FOB USD/m3 Volume, m3

Saw/Veneer Group 1 PNG Walnut
 Mean Company FOB Price:            75.54 USD/m3; Range:   73.00 - 80.00   USD/m3

                                                  Lucky 99 (PNG) Ltd                80.00     42.462
                                                  Lucky Logging Limited             80.00    245.721
                                                  Continental Alliance Ltd          75.00     35.393
                                                  Active Forest Limited             75.00     32.990
                                                  CS Boss International Ltd         75.00      5.248
                                                  Emo Holdings Limited              75.00     50.535
                                                  Global Elite Ltd                  75.00     34.484
                                                  Millennium Corporation Ltd        75.00     14.108
                                                  Musa Century Limited              75.00    551.869
                                                  Northern Forest Products Ltd      75.00     67.766
                                                  Oro Wood Industry Ltd             75.00     33.516
                                                  Pacific Region Development Ltd    75.00    426.105
                                                  Summit Agriculture Ltd            75.00     80.566
                                                  Vanimo Jaya Ltd                   73.00    224.540


Saw/Veneer Group 1 Red Canarium
 Mean Company FOB Price:            74.85 USD/m3; Range:   73.00 - 75.00   USD/m3

                                                  Active Forest Limited             75.00     736.709
                                                  Aset Meriah (PNG) Ltd             75.00     116.971
                                                  Continental Alliance Ltd          75.00      59.096
                                                  CS Boss International Ltd         75.00     161.583
                                                  Emo Holdings Limited              75.00      67.657
                                                  Millennium Corporation Ltd        75.00   2,645.674
                                                  Northern Forest Products Ltd      75.00       9.663
                                                  Oro Wood Industry Ltd             75.00      86.844
                                                  Pacific Region Development Ltd    75.00     736.254
                                                  Rimbunan Hijau (PNG) Ltd          75.00      89.263
                                                  Summit Agriculture Ltd            75.00     110.926
                                                  Global Elite Ltd                  75.00      34.301
                                                  Vanimo Jaya Ltd                   73.00     405.077


Saw/Veneer Group 1 Red Planchonella
 Mean Company FOB Price:            74.63 USD/m3; Range:   73.00 - 80.00   USD/m3

                                                  Lucky 99 (PNG) Ltd                80.00      5.111
                                                  Active Forest Limited             75.00      7.576
                                                  CS Boss International Ltd         75.00      5.618
                                                  Emo Holdings Limited              75.00     53.928
                                                  Musa Century Limited              75.00    234.040
                                                  Northern Forest Products Ltd      75.00     10.121
                                                  Oro Wood Industry Ltd             75.00      5.785
                                                  Vanimo Jaya Ltd                   73.00     88.406




Report Number 21:   Page 5 of 10 pages                                                         21- 5

Page 129 screenshot
Grade / Species Group / Species                  Company/Group             Ave FOB USD/m3 Volume, m3

Saw/Veneer Group 1 Taun
 Mean Company FOB Price:            90.70 USD/m3; Range:   88.00 - 100.00 USD/m3
                                                  CS Boss International Ltd         100.00     714.838
                                                  Rimbunan Hijau (PNG) Ltd          100.00   1,215.933
                                                  Continental Alliance Ltd           90.00      43.759
                                                  Oro Wood Industry Ltd              90.00     392.991
                                                  Active Forest Limited              90.00   1,696.480
                                                  Aset Meriah (PNG) Ltd              90.00     137.687
                                                  Emo Holdings Limited               90.00   1,027.503
                                                  Global Elite Ltd                   90.00      30.740
                                                  Lucky 99 (PNG) Ltd                 90.00     505.354
                                                  Lucky Logging Limited              90.00     905.609
                                                  Millennium Corporation Ltd         90.00     815.816
                                                  Musa Century Limited               90.00     354.842
                                                  Pacific Region Development Ltd     90.00   7,020.701
                                                  Summit Agriculture Ltd             90.00      78.930
                                                  Northern Forest Products Ltd       90.00   1,220.498
                                                  Vanimo Jaya Ltd                    88.00   2,946.513


Saw/Veneer Group 1 Terminalia
 Mean Company FOB Price:            75.16 USD/m3; Range:   73.00 - 80.00   USD/m3

                                                  Lucky 99 (PNG) Ltd                 80.00      29.306
                                                  Lucky Logging Limited              80.00     274.113
                                                  Pacific Region Development Ltd     75.00     715.498
                                                  Active Forest Limited              75.00     811.424
                                                  Aset Meriah (PNG) Ltd              75.00     261.887
                                                  Continental Alliance Ltd           75.00      90.546
                                                  CS Boss International Ltd          75.00     400.201
                                                  Emo Holdings Limited               75.00     393.506
                                                  Global Elite Ltd                   75.00      33.440
                                                  Millennium Corporation Ltd         75.00     154.060
                                                  Musa Century Limited               75.00   1,779.008
                                                  Northern Forest Products Ltd       75.00     141.771
                                                  Oro Wood Industry Ltd              75.00      34.075
                                                  Rimbunan Hijau (PNG) Ltd           75.00     837.482
                                                  Summit Agriculture Ltd             75.00     132.071
                                                  Vanimo Jaya Ltd                    73.00     243.262




Report Number 21:   Page 6 of 10 pages                                                          21- 6

Page 130 screenshot
Grade / Species Group / Species                  Company/Group             Ave FOB USD/m3 Volume, m3

Saw/Veneer Group 1 White Planchonella
 Mean Company FOB Price:            75.20 USD/m3; Range:   75.00 - 80.00   USD/m3

                                                  Lucky Logging Limited             80.00     18.452
                                                  Aset Meriah (PNG) Ltd             75.00    310.675
                                                  CS Boss International Ltd         75.00     15.357
                                                  Emo Holdings Limited              75.00      5.785
                                                  Millennium Corporation Ltd        75.00      6.564
                                                  Musa Century Limited              75.00      5.051
                                                  Northern Forest Products Ltd      75.00     12.636
                                                  Oro Wood Industry Ltd             75.00      6.375
                                                  Pacific Region Development Ltd    75.00     85.069


Saw/Veneer Group 2
 Mean Company FOB Price:            65.94 USD/m3; Range:   58.00 - 70.00   USD/m3

                                                  Lucky Logging Limited             70.00     115.947
                                                  Aset Meriah (PNG) Ltd             70.00     168.043
                                                  Emo Holdings Limited              70.00     441.948
                                                  Lucky 99 (PNG) Ltd                70.00      14.473
                                                  Millennium Corporation Ltd        70.00     721.174
                                                  Northern Forest Products Ltd      70.00     488.944
                                                  Oro Wood Industry Ltd             70.00     194.966
                                                  Musa Century Limited              69.00   1,008.310
                                                  Summit Agriculture Ltd            65.00      93.731
                                                  Active Forest Limited             65.00     291.759
                                                  Continental Alliance Ltd          65.00     126.241
                                                  CS Boss International Ltd         65.00     169.641
                                                  Global Elite Ltd                  65.00      57.956
                                                  KK Connections Ltd                65.00     464.486
                                                  Pacific Region Development Ltd    65.00   2,590.044
                                                  Rimbunan Hijau (PNG) Ltd          65.00     177.439
                                                  Cakara Alam (PNG) Ltd             64.00      24.075
                                                  Vanimo Jaya Ltd                   58.00   1,013.338




Report Number 21:   Page 7 of 10 pages                                                         21- 7

Page 131 screenshot
Grade / Species Group / Species                  Company/Group             Ave FOB USD/m3 Volume, m3

Saw/Veneer Group 3
 Mean Company FOB Price:            61.47 USD/m3; Range:   53.00 - 65.00   USD/m3

                                                  Lucky 99 (PNG) Ltd                 65.00     104.640
                                                  Lucky Logging Limited              65.00     432.458
                                                  Emo Holdings Limited               65.00   1,274.092
                                                  Millennium Corporation Ltd         65.00     315.643
                                                  Oro Wood Industry Ltd              65.00     660.782
                                                  Aset Meriah (PNG) Ltd              65.00   4,650.127
                                                  Northern Forest Products Ltd       65.00   1,403.200
                                                  Musa Century Limited               64.00   2,378.208
                                                  Summit Agriculture Ltd             60.00     685.488
                                                  KK Connections Ltd                 60.00     157.428
                                                  Active Forest Limited              60.00     196.645
                                                  Continental Alliance Ltd           60.00     279.167
                                                  Pacific Region Development Ltd     60.00   2,137.406
                                                  Global Elite Ltd                   60.00     251.859
                                                  CS Boss International Ltd          59.00     438.648
                                                  Rimbunan Hijau (PNG) Ltd           59.00     394.402
                                                  Cakara Alam (PNG) Ltd              58.00     448.986
                                                  Vanimo Jaya Ltd                    53.00   3,325.050


Saw/Veneer Group 4
 Mean Company FOB Price:            55.64 USD/m3; Range:   50.00 - 60.00   USD/m3

                                                  Lucky 99 (PNG) Ltd                 60.00     672.836
                                                  Lucky Logging Limited              60.00     220.809
                                                  Aset Meriah (PNG) Ltd              60.00     879.947
                                                  Emo Holdings Limited               60.00   1,274.645
                                                  Millennium Corporation Ltd         60.00     883.429
                                                  Northern Forest Products Ltd       60.00   1,104.053
                                                  Oro Wood Industry Ltd              60.00     449.742
                                                  Musa Century Limited               59.00   4,419.872
                                                  Continental Alliance Ltd           55.00     228.776
                                                  Pacific Region Development Ltd     55.00   3,044.496
                                                  Cakara Alam (PNG) Ltd              55.00     360.102
                                                  CS Boss International Ltd          55.00   1,095.987
                                                  Global Elite Ltd                   55.00     157.490
                                                  KK Connections Ltd                 55.00      94.334
                                                  Rimbunan Hijau (PNG) Ltd           55.00     599.545
                                                  Active Forest Limited              55.00     867.635
                                                  Summit Agriculture Ltd             54.99     997.015
                                                  Vanimo Jaya Ltd                    50.00   6,027.768


Saw/Veneer Group 1 Kwila
 Mean Company FOB Price: 213.39 USD/m3; Range: 130.00 - 250.00 USD/m3

                                                  PJ Plantation Limited             197.73   3,165.028




Report Number 21:   Page 8 of 10 pages                                                          21- 8

Page 132 screenshot
Grade / Species Group / Species                  Company/Group             Ave FOB USD/m3 Volume, m3

Plantation diam 60+ cm: regular Kamarere (e) regular (plntn)
 Mean Company FOB Price: 130.00 USD/m3; Range: 130.00 - 130.00 USD/m3

                                                  Open Bay Timber Ltd               130.00     98.955


Plantation diam 50 - 59 cm: small Kamarere (d) small (plntn)
 Mean Company FOB Price: 122.19 USD/m3; Range: 122.19 - 122.19 USD/m3

                                                  Open Bay Timber Ltd               122.19   1,142.911


Plantation diam 40 - 49 cm: super small Kamarere (c) super small
(plntn)
 Mean Company FOB Price: 101.58 USD/m3; Range: 101.58 - 101.58 USD/m3

                                                  Open Bay Timber Ltd               101.58   4,561.478


Plantation diam 30 - 39 cm: baby small Kamarere (b) baby small
(plntn)
 Mean Company FOB Price:            76.65 USD/m3; Range:   76.65 - 76.65   USD/m3

                                                  Open Bay Timber Ltd                76.65   5,876.097


Plantation diam 20 - 29 cm: tiny small Teak (b) tiny small (plntn)
 Mean Company FOB Price: 250.00 USD/m3; Range: 250.00 - 250.00 USD/m3

                                                  East Papua Timber Resources Ltd   250.00    163.697


Plantation diam 20 - 29 cm: tiny small Kamarere (a) tiny small
(plntn)
 Mean Company FOB Price:            58.00 USD/m3; Range:   58.00 - 58.00   USD/m3

                                                  Open Bay Timber Ltd                58.00   2,176.936


Plantation diam 00 - 19 cm: little small Teak (a) little small (plntn)
 Mean Company FOB Price: 250.00 USD/m3; Range: 250.00 - 250.00 USD/m3

                                                  East Papua Timber Resources Ltd   250.00    118.607


Plantation diam 00 - 19 cm: little small Kamarere (f) little small
(Plntn)
 Mean Company FOB Price:            28.00 USD/m3; Range:   28.00 - 28.00   USD/m3

                                                  Open Bay Timber Ltd                28.00    100.645




Report Number 21:   Page 9 of 10 pages                                                          21- 9

Page 133 screenshot
Grade / Species Group / Species                    Company/Group             Ave FOB USD/m3 Volume, m3

Low Grade
 Mean Company FOB Price:              51.03 USD/m3; Range:   50.00 - 55.01   USD/m3

                                                    Lucky Logging Limited             55.01    2,609.453
                                                    CS Boss International Ltd         55.00    1,070.635
                                                    PJ Plantation Limited             55.00    1,473.475
                                                    Lucky 99 (PNG) Ltd                55.00    2,123.782
                                                    Northern Forest Products Ltd      55.00    4,124.528
                                                    Emo Holdings Limited              50.11      409.581
                                                    Pacific Region Development Ltd    50.00   13,378.706
                                                    Continental Alliance Ltd          50.00    4,024.696
                                                    Global Elite Ltd                  50.00    2,945.532
                                                    Aset Meriah (PNG) Ltd             50.00    3,188.293
                                                    Cakara Alam (PNG) Ltd             50.00    1,244.367
                                                    Rimbunan Hijau (PNG) Ltd          50.00    5,947.380
                                                    Oro Wood Industry Ltd             50.00    1,616.190
                                                    Summit Agriculture Ltd            50.00   11,525.127




Report Number 21:   Page 10 of 10 pages                                                           21- 10

Page 134 screenshot
          Annual Export Quotas and Log Export
         Volumes during the Current Quota Period

Site                                  Quota Start Date Quota End Date Quota (m3) Exported (m3)* % of Quota Exported
Illi Wawas/Masarau (FCA 71502)                                                          8,849        Quota Data
                                                                                                     Unavailable
DANFU Block 12,13,14,15&18 (11640)                                                     17,359        Quota Data
                                                                                                     Unavailable
Danfu Extension TRP (16-44)                                                             9,207        Quota Data
                                                                                                     Unavailable
East Awin (FMA 60101)                                                                   5,201        Quota Data
                                                                                                     Unavailable
East Ferguson TRP (10404)                                                              19,914        Quota Data
                                                                                                     Unavailable
Gara Modewa TRP (TP 10406)                                                             21,371        Quota Data
                                                                                                     Unavailable
Gweing Wagasu Agro-Forestry (FCA 71                                                     5,207        Quota Data
                                                                                                     Unavailable
Agulu Reserve (FCA 14-04)                                                               1,133        Quota Data
                                                                                                     Unavailable
Ifane Agro-Forest Project - (FCA 70503)                                                31,573        Quota Data
                                                                                                     Unavailable
Cape Offord (TP 11548)                                                                  1,250        Quota Data
                                                                                                     Unavailable
Inland Pomio - Rabaul (TP 15-49)                                                        2,714        Quota Data
                                                                                                     Unavailable
Kamdaru-Siaman-Lamasa (TP 11635)                                                        8,959        Quota Data
                                                                                                     Unavailable
Konoagil Inter.Agri.Proj. (FCA 71603)                                                  53,758        Quota Data
                                                                                                     Unavailable
Kumil TP (11222)                                                                       40,271        Quota Data
                                                                                                     Unavailable
Kupiano - Marshall Lagoon (TP 3-36)                                                    31,753        Quota Data
                                                                                                     Unavailable
Lak TRP Project (TP 11643)                                                             71,107        Quota Data
                                                                                                     Unavailable



*during quota period
Report Number 22: Page 1 of 4 pages               Printed: Monday, 29 January 2024                           22- 1

Page 135 screenshot
Site                                  Quota Start Date Quota End Date Quota (m3) Exported (m3)* % of Quota Exported
Idam siawi Agro-Forest Pro. (FCA 7100                                                  36,879        Quota Data
                                                                                                     Unavailable
Ania Kapuira Forest Pltn (TP 11403)                                                       104        Quota Data
                                                                                                     Unavailable
Aitape Lumi Consolidated FMA (61003)                                                   34,154        Quota Data
                                                                                                     Unavailable
Aliai-Sisimi-Hargy Consolidated TP 114                                                 20,838        Quota Data
                                                                                                     Unavailable
Amanab Blocks 1-4 FMA (61001)                                                          73,164        Quota Data
                                                                                                     Unavailable
Amanab Blocks 5 & 6 FMA (61002)                                                        69,568        Quota Data
                                                                                                     Unavailable
Andru Johana (LFA 21410)                                                               33,852        Quota Data
                                                                                                     Unavailable
Angoram Intergrated (FCA 71104)                                                        37,123        Quota Data
                                                                                                     Unavailable
Cloudy Bay (FMA 60301)                                                                 38,414        Quota Data
                                                                                                     Unavailable
Ania Kapiura Consolidated (11452)                                                      89,097        Quota Data
                                                                                                     Unavailable
Central New Ireland LFA 16-01                                                          56,601        Quota Data
                                                                                                     Unavailable
Asengseng Consolidated FMA (61401)                                                     39,354        Quota Data
                                                                                                     Unavailable
Awio Amgen LFA (21409)                                                                  2,935        Quota Data
                                                                                                     Unavailable
Bergberg Extn TRP (11512)                                                              17,615        Quota Data
                                                                                                     Unavailable
Bonua Magarida TRP (10328)                                                             58,773        Quota Data
                                                                                                     Unavailable
Brown River/Kuriva (10337)                                                              1,868        Quota Data
                                                                                                     Unavailable
Buhem Mongi Busiga (11338)                                                              1,725        Quota Data
                                                                                                     Unavailable
Lower Musa Agro, (FCA 70505)                                                           88,046        Quota Data
                                                                                                     Unavailable
Ania Integrated Agri (FCA 71517)                                                       56,115        Quota Data
                                                                                                     Unavailable
Wari Intergrated Agri. (TA 10-130)                                                      2,977        Quota Data
                                                                                                     Unavailable
Lolo Block 2 (LFA 21403)                                                                6,753        Quota Data
                                                                                                     Unavailable
Ulamona consolidated TP (11443)                                                         1,993        Quota Data
                                                                                                     Unavailable



*during quota period
Report Number 22: Page 2 of 4 pages               Printed: Monday, 29 January 2024                           22- 2

Page 136 screenshot
Site                                  Quota Start Date Quota End Date Quota (m3) Exported (m3)* % of Quota Exported
Utnari Land Agro-Forestry (FCA 71521)                                                  29,240        Quota Data
                                                                                                     Unavailable
Vanimo Block 3,4 & 5 (TP 11011)                                                           927        Quota Data
                                                                                                     Unavailable
Vunapalading Teak Pln (TA 15-94)                                                        2,266        Quota Data
                                                                                                     Unavailable
Wagana Wagasu Agro Forestry (FCA 7                                                     18,122        Quota Data
                                                                                                     Unavailable
Tegi Agriculture Timber - (TA 14-87)                                                    7,865        Quota Data
                                                                                                     Unavailable
Wanigela Tree Plantation (FCA 70506)                                                   71,158        Quota Data
                                                                                                     Unavailable
Taraiwara(Ext) Agro Reforest.(FCA 715                                                  67,943        Quota Data
                                                                                                     Unavailable
Wasu Cattle farm (FCA 13-03)                                                           26,196        Quota Data
                                                                                                     Unavailable
Wasu Export point (TA 13-280)                                                           3,701        Quota Data
                                                                                                     Unavailable
Wasu Export Point 13-281                                                                2,994        Quota Data
                                                                                                     Unavailable
Waterfall bay Extn CONS.TRP(TP 1155                                                    25,430        Quota Data
                                                                                                     Unavailable
Wawoi Guavi (10107)                                                                    37,443        Quota Data
                                                                                                     Unavailable
West Gurney TRP(TP4-05)                                                                 4,878        Quota Data
                                                                                                     Unavailable
Wewak/Turubu (FCA 71103)                                                               24,114        Quota Data
                                                                                                     Unavailable
Wammy Inter. Agro Forestry (FCA71007                                                    7,982        Quota Data
                                                                                                     Unavailable
Nutuve TP (11559)                                                                       4,193        Quota Data
                                                                                                     Unavailable
Woodlark Intergrated Project (FCA 7040                                                 62,324        Quota Data
                                                                                                     Unavailable
Makapa Timber Area (TP1-9)                                                             90,735        Quota Data
                                                                                                     Unavailable
Mengen Integrated (FCA 71522)                                                          32,115        Quota Data
                                                                                                     Unavailable
Moile Integrated Agri. (FCA 10 -14)                                                     9,727        Quota Data
                                                                                                     Unavailable
Morevona -Agro Forestry (FCA 71403)                                                    18,351        Quota Data
                                                                                                     Unavailable
Morobe Coast TRP (TP 11335) Mopi Ca                                                    23,412        Quota Data
                                                                                                     Unavailable



*during quota period
Report Number 22: Page 3 of 4 pages               Printed: Monday, 29 January 2024                           22- 3

Page 137 screenshot
Site                                  Quota Start Date Quota End Date Quota (m3) Exported (m3)* % of Quota Exported
Tokai Matong (TP 11545)                                                                38,962        Quota Data
                                                                                                     Unavailable
Mussau TRP Project (TP 11641)                                                          36,885        Quota Data
                                                                                                     Unavailable
Lote Kamlang - FCA 15-18)                                                               4,759        Quota Data
                                                                                                     Unavailable
Open Bay Consolidated [Pltn] (TP 1150                                                  37,996        Quota Data
                                                                                                     Unavailable
Raicoast TP (11218)                                                                    17,847        Quota Data
                                                                                                     Unavailable
Rainforest Hwy (TA 14-82)                                                               1,384        Quota Data
                                                                                                     Unavailable
Rakona/Aimorao Road No.1 (TA 13-279                                                     7,692        Quota Data
                                                                                                     Unavailable
Rottock Bay Consolidated (FMA 61402)                                                  160,056        Quota Data
                                                                                                     Unavailable
Senbam Cons. (TP 11552)                                                                68,073        Quota Data
                                                                                                     Unavailable
Suikol Intergrated Agro (FCA 71513)                                                     9,299        Quota Data
                                                                                                     Unavailable
Mosa - Leim TP (11457)                                                                  3,174        Quota Data
                                                                                                     Unavailable




*during quota period
Report Number 22: Page 4 of 4 pages               Printed: Monday, 29 January 2024                           22- 4

Page 138 screenshot

Page 139 screenshot