Hi Rob,
Apart from looking like an Alien creature

about to give you a big kiss and suck all the innards out of your body, I can't really help you.
You're too close for comfort if you know what I mean, any chance of another shot taken back a little bit to give a better perspective ?
Neil.

Edit.
Heterobasidion annosum is often distorted like this and when young and wet can be a shiny reddish colour not too dissimilar to this.