I've always thought the game doesn't give the player an accurate operational range at Standard speed, but I don't know for sure.
Along the same lines as other posts - best to cruise on the surface at 2/3rds (12 knots on a calm sea). Aircraft may force you to dive; click the tab below the telegraph dial and then set your speed to 2 knots. At that speed, you can stay submerged all day and surface again after dark (about an hour after sundown is good).
One other suggestion - don't chase after every contact you get while enroute to your patrol station, especially if they are on a diverging course (moving away from your direction of travel) or at extreme distance. Probably better to let it go because there will be others. Targets on a converging course, though....
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Jack's happy days will soon be gone,
To return again, oh never!
For they've raised his pay five cents a day,
But they've stopped his grog forever.
For tonight we'll merry, merry be,
For tonight we'll merry, merry be,
For tonight we'll merry, merry be,
But tomorrow we'll be sober.
- "Farewell to Grog"
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