All Purpose Peanut Sauce

This recipe was inspired by the sauce for California Pizza Kitchen's Thai Pizza. It is great for anything that takes well to peanut sauce, including chicken satay, asian lettuce wraps, chinese chicken salad, or a spoon.

1/2 cup peanut butter
1/2 cup hoisin sauce
1 tablespoon honey
2 teaspoons red wine vinegar
2 teaspoons minced ginger
1 teaspoon sesame oil
2 teaspoons soy sauce
1 teaspoon chili sauce
1 tablespoon oyster sauce
2 tablespoons water
1/2 cup (or more) coconut milk

Combine everything except the coconut milk in a pan set over medium heat. While stirring, bring the sauce to a simmer. Stir for about one minute and remove from heat. Stir in enough coconut milk to bring the sauce to the desired consistency. Sometimes I add the entire can of coconut milk and nobody has ever complained. Keeps well in the fridge for several days.