SQL & PL/SQL

I am trying to convert a string into multiple rows using REGEX, can someone tell me if this is accomplishable using oracle regular expressions

       WITH qry AS (

                      SELECT   '<p>one</p><p>two</p><p>three</p>' as str 

                       FROM    DUAL

       )

       SELECT

       --regexp_replace(

       --regexp_replace(

       regexp_substr (str,

       '[^<(/?)p>].*', 1, LEVEL)

       --,'<p>','')

       --,'</p>','')

       ab

       FROM    qry

       CONNECT BY LEVEL  <= LENGTH(regexp_replace (str, '[^<(/?)p>].*'))+1

       ;

Current Output:

1 one</p><p>two</p><p>three</p>

2 (null)

3 (null)

4 (null)

Expected Output:

1 one

2 two

3 three