Michael Slavin lost $1.2 million on a single dry hole project
Michael Slavin · This Entrepreneur Served 10 Years in The Army, You Won't Believe What Happened Next with Michael Slavin EP 237 · Apr 15, 2016 · at 7:01
Michael Slavin, founder of US Emerald Energy, reflects on his largest single financial loss on an oil exploration project.
0:00 / 0:01exact quote · 1.5s
720p mp4 · rendered on demand · StarZero watermark
“I guess about 1.2.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Michael Slavin
US Emerald Energy reached 85-90% hit rate using PUD and 3D seismic
“I started doing wells only with what's called PUD, Proved Undeveloped, and only with three D, and our hit rate went up to about 85 to 90% after”
Audiobook platforms determine retail pricing strictly based on audio length
“And the audio books, you don't make hardly any money because they will not let you set your price. They set the price for you. And it's pretty much not on how good your book is. It's just how long it is. It's just, you know, it's a horrible way to decide value…”
Frank Nunez grew a $15,000 nursery into a $14 million business
“And if we just jump a little bit ahead, seven years later, it was worth nine million dollars, I just talked to Frank about two weeks ago. He got another offer for fourteen million.”
Michael Slavin made his first million dollars 3.5 years after bankruptcy
“I struggled badly for seven years, lost everything. Bankrupt, foreclosure, the whole nine yards. I just, I knew I could do anything, but I just didn't quite know how. And finally, I started my own company after those seven years, and three and a half years lat…”