extracting data based on format

[kutu62]

okay guys I have to pull data out of a file.. tried grep and c shell script and can't figure out how to pull what I need out of the file. we need to pull out from the start of the paragraph to the end of the URL... the file format is below

*****
start of file
*****

first paragraph is here and has data I need to pull out and then is followed by a URL

http://sub.mycompany.com/ERTyuisfdmnbxcvk

second paragraph is here and has data I need to pull out and then is followed by a URL

http://sub.mycompany.com/fgjfghjfghjghjghhedsrg

third paragraph is here and has data I need to pull out and then is followed by a URL

http://sub.mycompany.com/dtyjr6jh45yrthbe6r5

fourth paragraph is here and has data I need to pull out and then is followed by a URL

http://sub.mycompany.com/fgjtyj4356jh5tyjn

***** end of file ******

so the end result would be my script will extract each paragraph and URL individually

example output:

fourth paragraph is here and has data I need to pull out and then is followed by a URL

http://sub.mycompany.com/fgjtyj4356jh5tyjn


any ideas?? Many thanks