Appearance / Description of Object(s)

I could see lines on the object going both verticaly and horezontelly. There also apeared to be small craters on it. It was like a tiny little moon with a strange light shining on it.

Distance to Object(s) & Altitude

5 miles out over east sound. 2000 feet

Description of Area / Surroundings

An airbase is located very near where I spotted the object.

Full Description & Details

I was looking at airplane lights in the dark with my telescope. All the planes seemed normal. Then I found a large circle or sphere with a misterious throbing light on the bottom. The strange part (other than a fliing ball) was when i looked closely it appeared to have light shining on the botom of it and no light comming from the object itself. The light seemed to throb. The was moving quickly west and did not apear to be rotating.

Can sighting be explained as any conventional man-made or natural object?

A possibility is that it was a hot air boloon from the on and off firelike light shining on the bottom. But at night??

Reported Sighting?