Stamps of PANAMA
1878 COAT OF ARMS FIRST ISSUE 5c
CANCELADO Cancel
ADMINISTRACION G-RAL DE HACIENDA Cancel
1st line: NISTRACION G-RA for Administracion General
2nd line: DE HACIENDA for De Hacienda
3rd line: PAN for PANAMA
Blue Oval Cancel Undated
This cancel have a "REO" at the top of the Blue Oval, also a very clear "ste" in the middle.
The recorded cancel with this marking is the same as in The Panama Postal Markings 1758-1950 (first edition) TWN-PAN-010 "CORREO at top, "oste pago" in the middle and "PANAMA" at bottom.  This cancel is also missing to the left side of the cancel. 
Blue Dated Oval Cancel
1878
5 Octub. 1878
5 Novie. 1878
16 Novie. 1878
21 Novie. 1878
5 Dicie. 1878
1879
Febrero 1879
7 Abril 1879
Mayo 1879
Year Unknown 1878-79
1878 COAT OF ARMS FIRST ISSUE 10c
Blue Dated Oval Cancel
1879
Abril 1879
2 Mayo 1879
Octub 1878
Unknown Blue Oval Cancel
This cancel have a "REOS PANAMA" at the bottom of the Blue Oval.
There are no recorded cancels with this marking.  The Panama Postal Markings 1758-1950 (first edition) does not have this marking. 
ADMINISTRACION G-RAL DE HACIENDA Cancel
1st line: NISTRACION G-RA for Administracion General
2nd line: DE HACIENDA for De Hacienda
3rd line: PAN for PANAMA
1878 COAT OF ARMS FIRST ISSUE 20c
Blue Dated Oval Cancel
1878
13 Novie. 1878
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1878
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28 Dicie. 1878
12 Mayo 1879
30 Abril 1879
5 Mayo 1879