Preheat oven to 180C and lightly spray an ovenproof dish.
Coat chicken in flour, shaking away excess. Reserve the unused flour.
Heat the oil in a non-stick pan, add the chicken and cook until well browned. Remove the chicken from the pan and place in a single layer in the pre-prepared dish.
Using the same pan, add the bacon and cook for 2 minutes.
Reduce heat to low, add the reserved flour and stir for 1 minute. Remove pan from the heat and gradually add the cream, water and seasoning, stirring until smooth.
Return pan to the heat and continue to stir until the sauce boils and thickens slightly. Remove pan from the heat, and pour the bacon sauce over the chicken.