seems like it's both; it's too extreme of a pH drop to just be either. also with a PCO2 that high you would expect the HCO3 to be higher; it's being buffered by another acid (i.e., metabolic acidosis)
With compensation, CO2 and HCO3 move in the same direction. So in compensated respiratory acidosis, you'll see a primary increase in CO2, along with an increase in HCO3 in an attempt to buffer the acid. (Remember, normal HCO3 is 22-26). Similarly, with something like metabolic acidosis, you'll see a drop in HCO3 with an attempted drop in CO2 (seen on physical exam as hyperventilation).
Here, we see both a rise in pCO2 and a drop in HCO3. This reflects two acidotic processes (respiratory and metabolic) that result in a profound acidemia.