The journal was left in Slûûp's care when the party traveled to Thundertree. He translated it from Thayan , read it, and shared the following:
- Every day starts with an extremely thorough detailing of weather conditions, the meals he prepared and ate, his progress. Every. Single. Thing.
- As the months drag on, he starts to observe what he believes to be interactions between the zombies, and thinks they were communicating with each other. Then Hammund himself started talking to them and detailing the conversations.
- Sluup says that he thinks the man was going a bit stir crazy in his isolation but notes that he was a consummate historian, philosopher and archaeologist. Most of his notes were on the research and the things that he found, how he found them, where he found them, what he thought that they were.
- Hammond writes very angrily about other red wizards and Thayans and seems to have been sent to the Old Owl as some kind of punishment, the more powerful red wizards growing annoyed with him and sending him away
- In the entries after he had found the ring, his notes start to get more excited, saying that he thinks that he's found something important
- Hammund thinks that the Thayans have underestimated this as an unimportant battle backwater, but he thinks that there's something more important there. He posits that the old Owl well may be built by the low netherese (the netherese lacking the status to live in the floating cities) over the remnants of a Netherese city that fell out of the sky during Karsus's folly.
- If that's true, there is a Mythalar which is the source of magical power that ran and powered each of those cities buried somewhere deeper beneath the old Owl well.
- Hammond also found evidence that the founding of the old Owl well’s foundational structure was built in part by the survivors of the fall of Netheri. He writes that the Netherese founded it and that they lived there for over a thousand years after Netheril fell. During that time, the old owl well likely functioned as a castle, governing the land until 300-500 DR.
- It eventually fell at the same time as Phandalin.