New larger External Drive - Now weird conflicting results

I just installed a 3TB external on my Win 7 Pro. I was previously using a 1 TB external, but it kept running out of space, therefore the larger external.

Set up new Backup tasks, tried running a couple of them, but response was that it's running out of space. Obviously there is plenty of space, and the drive is working because I'm able to manually copy files to it.
After much trial and error, including deleting my original email backups to the old external, my email backup finally appeared to run. However, the GUI indicates that it is not yet backed up, but it does have a .tib file in the appropriate location of 1,019,904 KB.
When I go to operations and click on Backup location, the prompt is 'The Backup Location cannot be found'.

I also received this email which looks normal but no indication that the operation has succeeded or that there was an error ?
1 Information 5/4/2015 7:04:05 PM Operation OutlookandContacts started.
2 Information 5/4/2015 7:04:06 PM Analyzing partition '0-0'...
3 Information 5/4/2015 7:04:06 PM Analyzing partition '1-1'...
4 Information 5/4/2015 7:04:06 PM Analyzing partition '1-2'...
5 Information 5/4/2015 7:04:06 PM Analyzing partition 'C:'...
6 Information 5/4/2015 7:04:07 PM Analyzing partition '0-0'...
7 Information 5/4/2015 7:04:08 PM Analyzing partition 'K:'...
8 Information 5/4/2015 7:04:09 PM Analyzing partition '0-0'...
9 Information 5/4/2015 7:04:09 PM Analyzing partition 'J:'...
10 Information 5/4/2015 7:04:10 PM Priority changed to Low.
11 Information 5/4/2015 7:04:10 PM Locking partition C:...
12 Information 5/4/2015 7:04:11 PM Create Incremental Backup Archive From: My Application Settings To file: "J:\New Backups 5-4-15\OutlookandContacts.tib" Compression: Normal

Also note that I did create a subfolder on the external J:\My New Backups 5-4-15, and this is where the .tib file is located.

I did create all these new backup while my original backups were still on the GUI.
Except for the fact that I did delete my original email backups to see if that was contributing to the weird problem.

Any help or guidance would be much appreciated.
Thanks,

Steve