We should fold this spot, but with QQ I never fold, because AA,KK and QQ are cards where I always call or go all-in. I don't know this is really hard decision. Maybe will be better if you only made a call when CO raises, because he raises 4xUTGraise, and with that kind of raise it's not good move to re-raise.
I don't know but you paid $10, and maybe you can pay another $16 and see the flop. If I was on your place I will do that.