My first year there I did a massive amount of scuba diving along the coast around Portobelo. There used to be bunches of young kids with 30 foot canoes with an outboard who would carry you out several hundred yards into about 60-70 feet of water and then follow your bubbles and pick you up. $5 for a boat dive. An enterprising guy built an open air restaurant near Portobelo where the scuba divers would go and drink after diving. Los Canyones. He was a good guy.
The name of the place on Contadora Island that my cousin managed was the Contadora Island Inn......I guess it is a bed and breakfast....