The company's portion of the costs to date for the re-entry are about $265,000.

WellStar is currently drawing up plans to drill a second well at the play within the next 30 days depending on rig availability.

Subject to TSX Venture Exchange approval, the company may earn a 50% interest before payout, a 41% interest after payout, and 41% of the Paddle River property, subject to royalties.

The