Growing on a downed decaying log. Thought at first a slime mold, but it was easy to remove from log in one piece. The wood particles attached were also pretty easy to remove (see underneath photo), so I think that rules a slime mold out. The bright orange color has NOT been enhanced - just the way I found it. In revisiting this observation October 2018 can see the area at the very top of the specimen appears to be "merulioid". Did not notice that back in 2012. Hopefully this will get another look by someone knowledgeable with this kind of fungi.