Blend cocoa, water and vanilla. Add cocoa mixture to butter mixture and blend thoroughly. Add oatmeal and blend with hands. Chill mixture as necessary to make shaping easier. Place additional powdered sugar in bowl.
Drop balls into sugar.
Roll to coat. Makes 36 balls. Melt chips in microwave, starting with 25 seconds, stirring and going again for 10 seconds each time, then stirring again until melted. In a medium sized bowl, mix melted chips, confectioners sugar, corn syrup and water with extract with a wooden spoon. Stir in cookie crumbs and pecans until blended.