Just to keep the basics in mind, Claire listed the ingredients from an older label back in June. Remember that water can come from ALL of the other ingredents:

water, tomato paste, soybean oil, white and wine vinegars, hickory smoke, spices, salt, sugar, soy sauce, caramel color, anchovies, onions, tamarinds, flavoring, xanthan gum, potassiaum sorbate, sodium benzoate, red no. 40

Thanks, Claire!

P.S. Remember that tomato sauce has a lot of water in it, so that can trip the balance. Also, hickory smoke is WAY up there. And, I forgot the salt in my recipes.