Hmmm, not convinced. Full impact of oil price won't be felt till 2H15 earnings. Would not be buying today. Another round of sizeable downgrades to come through analyst numbers tonight as they rebase EBITDA forecasts.
Assuming oil stablises ~US$50-60, I reckon FCF will be $20-30m per annum for the next 2-3 years. Hard to justify a A$1.4bn market cap with such skinny FCFs.