The nose definitely benefits from oxidation. After about a 1/3 of the bottle, the E150, black pepper, and leaf litter faded. Sadly, what little peat was there faded entirely. All of these were replaced by yeasty dough, sherry sweetness, and some dark chocolate. The taste didn't change much, though. My humble advice is to give this one some time to open up.
Spirit caramel-coloring (E150) and orange oil, hint of black pepper, wet leaf litter, wood smoke with a bit of peat, malt and fruit cordial, touch of brown sugar and oranges.
Cereal malt, a little vanilla, a little dark chocolate, some sherry and oak tannins.
Barrel char with a bit of peat, fades to floral green and licorice.