Preheat oven to 180 C or 160 C fan-forced.
Season lamb chops. Heat oil in a heavy based saucepan over high heat. Cook lamb, in 2 batches, for 1-2 minutes each side or until well browned. Set aside. Reduce heat to medium. Cook onion, capsicum, garlic, bay leaf and oregano, stirring, for 5 minutes or until onion softens. Add wine and bring to the boil. When almost evaporated, return chops to pan with Massel Liquid Stock Vegetable Style and potatoes. Bring to the boil. Cover and bake in oven for 1 ½ hours or until lamb is very tender.
Serve sprinkled with black olives and extra oregano.
