I too like CaptVonGunn, have experienced this problem.....so as of now, I have used 2 bottles that have been wasted, with no chance of recovery. The previous time, I never could find the location of the ship wreck, this time I did.
http://images.akamai.steamusercontent.com/ugc/277352215426960407/1EEFD0BC1E22D28B973A8E76DC80535487B1452F/