Thank you all for your replies; I do appreciate them.
After weighing everything up, taking into account the bets that he made and going with my gut, I decided to call. I figured if I lost the hand, it would cost me 28c (700 x 4c per 100 chips) but if I win, it would be worth 56c (1400 x 4c per 100)
I knew I probably should have folded but you know when you get that feeling, you just can't throw that pot away.
Here is the outcome:
As you can see, he was chasing the flush, which he didn't make and was just doing a very expensive continuation bet.
The end result was that I was 1st of the 5 winners and won $3.72.