As you’d imagine Moulis and Listrac are fairly tight, tannic bunch in 2012. There is not the gloss here of the really great years like 2009 and 2010 when these properties provide real value. Most should settle ok. The real bright spot, as ever, is Château Poujeaux, which has crafted a very fine effort in this tricky, rain-affected vintage. Listrac has produced a chewy set of wines, but Château Fourcas-Dupré and Château Fourcas-Hosten should prove gutsy drinking. Still, with so much 2009, 2010, and even 2005, still widely available and drinking nicely, it doesn’t seem to make much sense tying up your cash in these right now.