I love this! Nose is sherry, sherry, sherry and finally vanilla oak. Taste is sweet and complex oak, vanilla and caramel giving way to balanced tannin. Loverly mouth feel and all this unwatered at 50% - impressive. Adding water brings out a treacle element in the nose and quietens down the taste and stretches out separates the tannin finish. I actually prefer it neat. 4 Stars or 92