2/5 AK pickin up nice draw on turn

[Bad_Santa]

Villain is 38/14/1 but just over 40 hands. Should I fold this flop? On turn I pick up the nutflushdraw along with an inside straightdraw. Now what?

Effective stacks ~$700

Cryptologic
No Limit Holdem Ring game
Blinds: $2/$5
6 players

Pre-flop: (6 players) Hero is BB with K[img]/images/graemlins/club.gif[/img]A[img]/images/graemlins/diamond.gif[/img]
UTG calls, 3 folds, SB calls, <font color="red">Hero raises to $25</font>, <font color="red">UTG calls</font>, SB folds.

Flop: K[img]/images/graemlins/diamond.gif[/img] 2[img]/images/graemlins/club.gif[/img] J[img]/images/graemlins/diamond.gif[/img] ($55, 2 players)
<font color="red">Hero bets $38</font>, <font color="red">UTG raises to $120</font>, <font color="red">Hero calls</font>.
Turn: T[img]/images/graemlins/diamond.gif[/img] ($295, 2 players)