Heat a shallow layer of oil in a very large skillet, or use two skillets. Brown chicken in oil on both sides, then add water to cover and simmer 30 minutes. While chicken is cooking, make the sauce by placing all remaining ingredients (except bay leaf) in a blender and processing until smooth. When chicken is done, drain broth and add one and one-half cups of broth to sauce. Blend over chicken in skillet, add bay leaf, and cook on low heat for 35 more minutes. Serve with rice. Per serving (8): 291 calories, 20 g protein, 14 g fat, 16 g carbohydrate, 57 mg cholesterol, 521 mg sodium.