To Point the Way

Objectives
Find the compass mentioned in the journal in Ariden's Camp.
 * Ariden's Compass

Description
Though the journal devolves into dark ramblings written in hurried scribbles, one entry stands out:

"Ulthalesh. The name rings in my head. I can hear it calling, but where?

"The spirits... the very land here is tied to it. It is no wonder we would so often get lost in this place. The forces pull my compass point in every direction...

"Perhaps if it had a stronger pull, the compass could show the way..."

Rewards
You will receive:
 * 15,050 XP (at level 100)
 * 15,050 XP (at level 100)

Progress
Is that the one?

Completion
There is definitely something wrong with this compass.

It seems to be trying to point in all directions at once.