Sure. 12 degrees is really low if you have anything more than a mild cam.
Regardless of what you’re AFR gauge reads, if you smell gas in the exhaust then it’s rich. It can happen with a fair amount of duration, lowidle speed and low timing. An exhaust or intake leak can cause the same. Once the rpms are raised, when cruising or wot driving, a small exhaust leak or intake leak can be overcame by air flow.
Big, heavy turbo exhaust (turbine) wheels cause the same thing. That’s what I’m basing my experience on.