I'm not sure of the maths you want, but with shares currently...

I'm not sure of the maths you want, but with shares currently trading at 16 to 17 cents, few sellers, lots of buyers, and market that is a little more buoyant than in recent times, it seems a little hard to ignore the Rights issue since it is at 10 cents.
Interestingly, exactly two months ago UTO was trading at 6 cents, (and as little as 5.5 cents on 17th March)so if you bought them then you'd have at least 270% increase. I'd still hold as i think the energy commodities can only improve.