N: Peat smoke. That's it. It is a robust peat smoke with what feels like a few layers to it, sometimes more earthy peat, other times more ashy smoke, and occasionally a nice burning wood scent. And, for as strong and overwhelming as the peat smoke is, it is not unpleasant or boring. There is some ethanol as well. As it warms and oxidizes a bit, seems to reveal some fruit notes, but I'm not sure if I'm imagining that or not. (Not imagining: there's a real orchard fruit note in it. Really nice.) P: More peat smoke, but many more layers on the palate: cola, chocolate, peach, and cherry, to start. Thick-cut white bread, like a Texas toast sort of thing. All of this is shot through with the peat smoke - every sip, inhale, and exhale is smoky. And I'm not complaining in any way. A nice, spicy finish builds through the glass. It's a cinnamon spice, but with more heat and power and a lingering hold on the tongue. It is the only taste in this that cuts against the peat smoke and it's a welcome foil and complication. This is a nice, balanced, smoke-forward blend. I really enjoyed it, but there are probably a few smoky single malts at or near the same price that offer a broader range in the nose and palate. Still, it's interesting, tasty, a bit complicated, and feels like it was made with a lot of thought and great care.