Dead on review. I like Oland and most of Avon's old stuff b/c it's all so different and stronger from what's around today. And having bought and worn every vintage Avon men's frag dating from as far back as the '60s, I've never seen one of them that's gone bad...except for Oland. It is the only Avon I've found that varies widely bottle to bottle. Not sure why. Maybe it's those unidentifiable notes in it that I've long wondered about and wanted to see a breakdown on; maybe they're why some bottles of the stuff are truly awful compared with others that are quite bizarre but nice. But for under a buck a bottle (if you look around) it's well worth rolling the dice.
"Smoky" is the one word I've been able to come up with to describe Oland...I suppose your description of an ashtray works too, but for a bad bottle. Keep looking, you'll find a fresher one eventually and it'll be very different.
If you have a slight liking for Oland, you owe it to yourself to track down a bottle of Avon's also long discontinued Leather. It's a FAR more manly scent than anything else on the market today.