Nose (undiluted): tarry ropes, wood smoke and brine, quite vegetal (seaweed), surprisingly fruity with lemons and limes coming through, a hint of caramelized sugar with a bit of eucalyptus at the tail end. Very pleasant nose. Palate (undiluted): richer than expected, not at all "hot" for 48% ABV, toffee leads the way but is bowled over by peat smoke, then black pepper with some fruity notes (peaches and apricots), developing cereal notes (barley) near the end. Finish: fairly long, candied ginger and floral honey at first, then a bit sour and fruity, green apples, green (white) grapes and charred lemons, with the wood smoke returning and lingering. Fantastic. With water added the nose becomes much brighter. Iodine, brine, and the charred lemons take the lead. The smoke is still there, however, as it won't yield easily. The nose develops more sweetness with water, and the eucalyptus all but disappears. Ten minutes after adding water, a sweetened black tea aroma is present. Water doesn't negatively affect the arrival on the palate either, but it does bring the pepper notes to the forefront. A bit of hot and sweet together. The order of flavours on the finish changes a bit with water added. Campfire ash leads the way, but is overtaken by peaches and apricots drizzled with honey. Smoky, fruity and sweet. An absolute treat with or without water.