WOW, i have the exact same thing!
I have had mine for 2 years now. And it has baffled me and my doctors. I have been prescribed several fungal creams including triamcinolone and mykelex.
I posted a thread on here a few days ago. It only got a few responses, but I was told to try and use clotrimazole cream usp 1%.
So I am trying to fnid myself some clotrimazole cream.
Let me describe my situation to you.
About 2 years ago i noticed a very small bump on the foreskin section of my penis in the middle on the right side. This very small red bump is about the size of a needle tip, however, it is right in the middle of a raised surface of my penis that looks almost like a "C". It isnt very big, and to the naked eye you wouldnt even be able to notice it. But since I know my penis pretty well. I noticed this. It itches and sometimes after sex, burns on that spot.The spot is on the middle right side of the foreskin area. its raised up just slightly, almost in a "C" shape. With a small red bump in the middle.
Yours seems to be more widespread than mine. But I do see a similiarity in our cases.
I will keep you updated on what I do.
Also, are you sexually active with any sexual partners?