see below research report.also, best you do your own...

see below research report.

also, best you do your own research.

Initiating with Speculative Buy and $0.30 Target
We derive our target based on the value of partially
included development ($0.06/sh), appraisal ($0.19/sh),
and exploration projects ($0.51/sh), plus value of
potential LNG and LPG commercialization at Yarrow and
Tallow and Flax fields, worth up to $0.13/sh.


http://www.acerenergy.com.au/CompanyReports/Articles/PDFs/Initiation%20Coverage%20-%20Casimir%20Capital.pdf

ACN 6 month daily chart