Seismic inversion method has been widely used to obtain reservoir property in an oil and gas field. In this research, one of inversion methods known as simultaneous inversion is used to analyze reservoir characterization at Poseidon Field, Browse Basin. Simultaneous inversion is applied to partial angle stack data and result in volume of Acoustic Impedance (AI), Shear Impedance (SI) and Lame parameter (LMR). The objective of this study is to determine distribution of sandstone lithology with gas saturated in Plover reservoir formation. Sensitivity analysis is done by cross-plotting elastic and Lame parameter from five well log data and analyzing lithology type and fluid saturation. Based on those cross-plots, lithological type can be identified from AI, λρ, µρ and λ/µ parameters. Meanwhile, the presence of gas can be discriminated using SI, λρ, and λ/µ parameters. Gas-saturated sandstone presence is characterized by Lambda-Rho value less than 50 GPa g cc-1 and Lambda over Mu value less than 0.8 GPa g cc-1. Maps of each parameter are generated at reservoir interval. Based on those maps, it can be concluded that gas sand spread out in the eastern and western areas of research area.