Cut the rabbit into manageable pieces. Season with salt and black pepper.
Heat olive oil and butter in a large skillet over medium-high heat. Brown the rabbit pieces on all sides, then remove and set aside.
In the same skillet, sauté the chopped onion, carrots, celery, and minced garlic until softened.
Sprinkle flour over the vegetables and stir well. Cook for 2 minutes to eliminate the raw taste of the flour.
Deglaze the skillet with white wine, scraping up any browned bits from the bottom. Add the chicken stock and thyme, stirring to combine.
Return the rabbit pieces to the skillet. Cover and simmer on low heat for 1.5 hours, or until the rabbit is tender.
Stir in the cream and let it cook for another 5 minutes. Adjust seasoning with additional salt and black pepper if necessary.
Serve the rabbit fricassee hot, garnished with fresh parsley, alongside rice or crusty bread.
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