That date commemorates the passing of Tola, Bishop of Clonard, who died in 734 AD. Stations, the traditional practice of praying at sacred sites along a prescribed route, were held at this well on his feast day. Today, though, the well sits quietly in the south-east corner of a field east of Dysert O'Dea church, and there is no visible evidence that any veneration continues.

The well itself, known in Irish as Tobar Bhanala, is a circular spring, roughly 2.2 metres north to south and 1.8 metres east to west, set at the base of a south-facing rock outcrop. A stream runs south from it through a natural channel in the rock. It lies about 240 metres south-east of the high cross of St Tola, a carved early medieval monument that survives at Dysert O'Dea. The broader site at Dysert O'Dea is one of the more significant early Christian complexes in Clare, and the well fits into that landscape of scattered religious remains. What has not survived is a double bullaun that was recorded nearby. A bullaun is a stone with one or more bowl-shaped depressions, often associated with early Christian sites and sometimes used in ritual or healing practices. The antiquarian Thomas Johnson Westropp noted around the turn of the twentieth century that this double bullaun, still present on the Ordnance Survey maps of 1839, could no longer be found.