To make the dipping sauce, combine all the ingredients in a bowl, mix till well blended, and set aside.
To prepare the shrimp, combine the cayenne pepper, salt, paprika, black pepper, garlic powder, onion powder, thyme, and oregano in a small bowl and mix thoroughly. In another bowl, combine
Sprinkle the remaining seasoning mix over the shrimp, then, holding each shrimp by the tail, dredge each in the flour, dip in the beer batter, coat generously with coconut, and place on a baking sheet.
To serve, divide the dipping sauce among 6 small bowls, place the bowls on small serving plates, and arrange equal amounts of shrimp around the bowls.
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