To me it sounds like the regulator din connection isn't seating against the bottom of the din valve on the tank properly.
Is it a 200 or 300 din valve on the 130 ?
Could be a bad o-ring on the din valve portion of the reg.
Could be a small piece of junk under the din o-ring that is not letting it seat.
Could be the wrong size o-ring in the din fitting.
Could be the din valve isn't screwing all the way in. (Bottoming out in valve)
If it is a din 200, do you have the insert to convert to yoke ?
If so, insert the threaded insert and screw it down and atttach a yoke type reg to is and see if it still blows air. If it still blows air, its the valve , not the reg..
Good luck.
PS , if you are not doing anything tomorrow and want to take a drive to the Haigh, we will be there. You could try your reg on some other din valve tanks and we could try some other din regs on your tank. If its just a bad o-ring, I'm sure I have one that would fit.
Jim Breslin