$re = '/@@.*(?:[\s\r]?(?!\s*\^).*)*/';
$str = '^0001 HeadOne
@@
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been theindustry\'s standard dummy text ever since the 1500s, when an unknown printer took a galley of typeand scrambled it to make a type specimen book.
^0002 HeadTwo
@@
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been theindustry\'s standard dummy text ever since the 1500s, when an unknown printer took a galley of typeand scrambled it to make a type specimen book.
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been theindustry\'s standard dummy text ever since the 1500s, when an unknown printer took a galley of typeand scrambled it to make a type specimen book.
^004 HeadFour
@@
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry\'s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
^0004 HeadFour
@@
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been theindustry\'s standard dummy text ever since the 1500s, when an unknown printer took a galley of typeand scrambled it to make a type specimen book.
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been theindustry\'s standard dummy text ever since the 1500s, when an unknown printer took a galley of typeand scrambled it to make a type specimen book.';
preg_match_all($re, $str, $matches, PREG_SET_ORDER, 0);
// Print the entire match result
var_dump($matches);
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for PHP, please visit: http://php.net/manual/en/ref.pcre.php