Reference drawing path change

I have several hundred reference drawings in a file and have moved the stored location to a networked path. The original path is no longer accessable. How do I change the reference drawings to search for the file in the new location? The only way I have been able to do it is selecting and changing each individually.

I have tried changing the options>file locations>drawing support>External Drawing location to the new storage area but that only seems to be used for the default location of adding new reference drawings.