Preheat the oven to 250 degrees. Line your baking sheet with foil and coat with olive oil cooking spray.
Season the ribs evenly with sea salt and freshly cracked black pepper, to taste.
Cook bacon in a large skillet over medium heat. Once it's finished, add thyme and onion. Saute for 2-3 minutes or until the onion is soft.
Add garlic and red pepper and cook, stirring frequently, for 30-45 seconds. Add the remaining ingredients and mix thoroughly. Simmer for 20 minutes to allow the flavors time to mingle.
Spoon sauce over the ribs (front and back); reserve the extra sauce for basting and serving. Pour 1½ cups of water into the bottom of the pan and cover tightly with foil.
Place in the oven to bake for 3 hours.
Remove the foil, making sure there is still water in the pan; if not, add some, then baste the ribs with a bit more sauce.
Cover the pan tightly again and return to the oven. Reduce the heat to 225 degrees until ready to serve. I cooked mine for 5 hours, and they were delicous.