Preheat your oven to 450 degrees before starting to prepare the chicken.
Place the whole chicken on a cooling rack placed into a medium sized baking pan
Rub the entire bird with the olive oil.
In a small bowl combine the salt, pepper, oregano, basil, and paprika, then sprinkle evenly over chicken, rubbing under the skin.
In the preheated oven bake the chicken for 20 minutes.
Lower the oven to 400 degrees.
Continue baking for 1 to 1 1/2 hours, (about 15 minutes per pound of chicken) or until golden brown and juices run clear.
If your chicken looks like it is browning too quickly, Lay a sheet of tin foil over the top loosely and it will slow down the browning for you.
Let the chicken rest in it's juices for at least 10 minutes before carving and serving. (This let's the bird reabsorb some of the juices and helps to make it even more moist.).