(1) Lands available for leasing by the board under these rules and regulations include any state land under the jurisdiction of the board.

(2) No lease may embrace more than 640 acres, except that any section surveyed by the United States which contains more than 640 acres may be included under any one lease. The land shall be leased in as compact bodies as the form and areas of the tract held by the state and offered for lease will permit. No lease may embrace noncontiguous subdivisions of land unless such subdivisions are within an area comprising not more than 1 square mile.

(3) Any person qualified to hold a geothermal resources lease on state lands may acquire, receive and hold more than 1 lease.