Hero's play? PLO8 $100

[jthegreat]

Omaha Hi/Low $1-$2 PL (real money), hand #353,573,578
Table York, 11 Apr 2006 8:05 PM ET

Seat 1: Dave Derrig
Seat 2: percusman
Seat 3: bonds4life
Seat 4: glMuppets
Seat 5: Hero [ 9[img]/images/graemlins/spade.gif[/img],10[img]/images/graemlins/club.gif[/img],J[img]/images/graemlins/spade.gif[/img],Q[img]/images/graemlins/spade.gif[/img]]
Seat 6: The_Suit_
Seat 7: GVAZ
Seat 8: Kimkarim12
Seat 9: RhinoK2
ANTES/BLINDS
Hero posts blind ($1), The_Suit_ posts blind ($1).

PRE-FLOP
GVAZ calls $1, Kimkarim12 folds, RhinoK2 folds, Dave Derrig calls $1, percusman folds, bonds4life folds, glMuppets folds, Hero checks, The_Suit_ checks.

FLOP [board cards J[img]/images/graemlins/heart.gif[/img],5[img]/images/graemlins/diamond.gif[/img],Q[img]/images/graemlins/club.gif[/img] ]
Hero bets $4, The_Suit_ folds, GVAZ folds, Dave Derrig bets $16, jasnlass calls $12.

TURN [board cards J[img]/images/graemlins/heart.gif[/img],5[img]/images/graemlins/diamond.gif[/img],Q[img]/images/graemlins/club.gif[/img],7[img]/images/graemlins/diamond.gif[/img] ]
Hero checks, Dave Derrig bets $36, Hero?

Dave was playing loose and agressive in previous hands. He could have any two pair here. I thought the top two pair + straight draw was okay to call the flop. I think this is a fold here, though, because there are too many ways to lose on the river.

Correct?