An ellipse orbit could look like this:
X= 100*cos(t)+centerx
Y= 50*sin(t)+centery
And actually scaling with angle would be similar
Width=32*abs(cos(angle))+32
Height=16*abs(sin(angle))+16
Edit:
Looking at your picture it may need to be drawn skewed as just setting the width/height may not cut it.
You could use the paster object for that. 1st paste everything to the paster in a normal circle, then set the paster height to half.