I think it may help minimize fat gains, I doubt you'll lose fat however. By minimizing fat gains and trying to acquire lean muscle mass it's possible, it's just a very slow process IMO. Calories have a lot to do w/ it. I try to run 1 or 2 times a week for 15-20min. usually after a workout using a modified HIIT method to help minimize fat gains during bulking. I find it does help a bit.
At HR 130 i doubt you will be able to keep your BMR elevated for a few hours, that's very low intensity. 150 IMO is the very least you should shoot for. And i'm sure you already know low intensity cardio is a bit worthless a couple hours after you're done, versus high intensity. I do a modified HIIT b/c i can't keep my HR above 150 for that long a period of time.
I think a modified HIIT is the way to go.